Casino destination Macau is requiring facial recognition and identification card checks for withdrawals made by Chinese UnionPay cardholders at all ATMs, as reported by Bloomberg. Customers who make a withdrawal from the updated cash machines will be asked to stare into a camera for six seconds so the facial-recognition software can verify them against their identity card.
The move is a three-fold effort to reinforce Macau’s existing anti-money laundering rules, increase banking security, and enable China to try and dampen the outflows pushing down the value of its currency (which, last year, topped $816 billion). Casinos are a classic way to launder money, as individuals can withdraw significant amounts for chips, gamble very little,...
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