The monetary authorities of Macau, China and Hong Kong attended a trilateral conference on Friday that was designed to increase cooperation in the fight against international money laundering.
According to a report from Asia Gaming Brief citing an official government release, the Meeting On The Study And Application Of Financial Supervision included discussions on how to stop cross-border money laundering and the financing of terrorism along with ways to maintain and promote “financial security and stability”.
Asia Gaming Brief reported that the meeting was attended by Zhang Zhengxin, International Deputy Director-General for the People’s Bank Of China, along with Tan Yong Wah, Chief Information Officer for The Hong Kong Monetary Authority. Representatives of the Monetary Authority Of Macao were also in attendance as was Du Yaozhong, Financial Stability Director-General at the People’s Bank Of China’s Shanghai head office.
The conference reportedly moreover included the establishment of the Financial Security Expert Alliance, which will see regional authorities exchange information as a way to continuously promote the security and stability of local financial markets.