Using Get4x in Macau

Any money you exchange amounting to MOP/HKD 120,000 in these and other currencies will need to be recorded by money changers. Details that are needed will include: transaction reference number, (ii) date and time of transaction, (iii) currencies and amount exchanged, (iv) exchange rate, (v) your identification document and (vi) contact details. If you are making such a transaction on behalf of a third party, the money changer will require details of yourself and anyone else involved in transactions. Aside from one-off transactions, money changers need to take note of any individuals who may make several such exchanges in a short period of time that adds up to MOP/HKD 120,000. In the event that an exchange involving an amount of MOP/HKD 250,000 is requested, it is considered high risk and needs to subjected to even more stringent requirements. Money changers will need to ensure that this exchange is approved by the appropriate authorised personnel. They will also need to check with you on information like the source of funds and purpose of use, as well as include it in reports as a high risk transaction. These reports are periodically submitted to an AML/CFT Compliance officer for official review.