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, and then cash out to move the remainder.
This follows Macau’s ban on proxy betting by telephone, which aimed to restrict bets from Chinese gamblers, and a limit on ATM withdrawals from 10,000 patacas to 5,000 patacas per transaction.
The Macau Monetary Authority says the facial recognition software will initially be installed in China UnionPay’s existing 1,200 ATMs in Macau. Other payment providers, including Visa and Mastercard, will be required to adopt the technology at a later date.