The Macau Monetary Authority (AMCM) warned the public in a statement yesterday that Indo Market（營多便利店）, Global Indonesia Market（Global印尼商店）and Loja de Conveniência Iao Kei（友記便利店） are not authorised to conduct regulated financial activities in Macau.
In accordance with Paragraph 1 of Article 2 of the Financial System Act, as approved by Decree-Law No. 32/93/M on July 5,1993, “only authorised financial institutions are allowed to carry out regulated financial activities” in the city, the statement noted.
According to the statement, taking part in these activities by any persons or entities without authorisation constitutes a “serious violation” under “Paragraph 2(b) of Article 122 of the Financial System Act” of Macau, leading to a fine of up to five million patacas.
Macau’s quasi-central bank urged the public to only carry out financial activities through authorised institutions in order to avoid being scammed and suffering unnecessary losses.
