As set out in “The Implementation Plan for Financial Supports to Construction Opinions of the Guangdong-Macao In-depth Cooperation Zone in Hengqin”, to promote cooperation of financial risk supervision, and to strengthen communication between regulatory authorities of financial sector in Guangdong and Macao, representatives from the Financial Intelligence Office of the Unitary Police Service (GIF) met with representatives of the Guangdong Branch of the People's Bank of China (PBOCGD) in Zhuhai on 18 October 2024.
 
During the meeting, both parties discussed in depth about the new trends/risks in money laundering/terrorist financing/proliferation financing, as well as challenges faced in monitoring cross-border capital flows. With the goal of enhancing financial risk prevention, the PBOCGD and GIF also explored cooperation opportunities between Guangdong and Macao in relevant areas, including enhancing AML training for financial professionals and raising public awareness of preventing money laundering and other related criminal offences.
 
The meeting highlighted emerging money laundering trends and typologies, emphasizing the importance of information sharing, risk assessment, and regulatory cooperation in AML regime. GIF reaffirmed its commitment to advancing financial cooperation with neighbouring AML counterparts in Guangdong Province to jointly safeguard against financial risks to uphold regional financial stability and security.
 
The representatives attending the meeting included Level I Bureau Rank Official of PBOCGD, Qin Daoai, Director and Deputy Director of AML Division, He Yong and Shi Rou, as well as Director of GIF, Chu Un I, Deputy Director, Fong Iun Kei, and Functional Chief, Fong Iek Lou.