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MacaoReviewing Anti-Money Laundering Bills
2006-2-9 16:29:20      CRIENGLISH.com

Susana Chou, president of Macao's Legislative Assembly (LA), has said that the anti-money laundering and anti-terrorism bills were still under discussion.

The LA speaker on Wednesday told a Spring Festival luncheon that the bills, which were submitted by the government in 2005, have to be reviewed "article by article."

The speaker said the two bills involved many different areas and the contents need to fit Macao's existing legal framework.
 
A Macao-based bank in 2005 was charged by the United States authorities for being involved in a money-laundering case, which put the region under the spotlight at the global stage.

The government of the Macao Special Administrative Region has since spared no effort to stress its determination to combat money laundering and terrorism. 

(Source: Xinhua)


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