According to the 2019 International Narcotics Control Strategy Report (INCSR) released in March by the US Department of State, 81 countries and jurisdictions are showing ‘vulnerabilities for money laundering.’
The report shows that Macau, in particular, is ‘vulnerable’ to money laundering ensue from the anonymity gained through the use of junket operators in the transfer and commingling of funds, as well as the absence of currency and exchange controls.
The former Portuguese colony has many money laundering risk factors according to FTI Report. But the Chinese Communist Party is using Macau as a lethal weapon beyond our imaginations. The following examples are just a few that barely scratch the surface:
Money laundry at an epic level
Mainland visitors flock to Macau, the only legal casino hub in China. High-ranking government officials like the former vice president of the Agricultural Bank of China, business tycoons like Ma Yun, the founder of Alibaba and the princelings are all high rollers. Macau is not just a playground for the corrupted and the ultra-rich, it facilitates money laundering through the casino system. Chips disguised as legitimate winnings turn up in offshore banks through loopholes or underground network. The Chinese kleptocrats take full advantage to move money around the world.
A stunning $202 billion in “ill-gotten funds are channeled through Macau each year,” according to The Congressional-Executive Commission on China Annual Report 2013.
Building spy network around the world through corruption and blackmail
Mr. Miles Guo said during one of his live broadcasts that the Chinese Communist Party (CCP) would invite any targets they want to corrupt such as foreign officials or executives to Macau and let them win big at the casinos. The windfall is often followed by alcohol, beautiful girls, and secret videotaping. The casinos tamed many of CCP’s targets and these foreigners now work under the CCP’s control around the world because the CCP uses the videotapes to blackmail them. The CCP can provide any beautiful girls from around the world including famous movie stars to their “clients”.
According to Mr. Guo, a senior executive of a famous European company fell into this trap. His life became miserable because the CCP not only threaten him but also physically abuse him. The number of foreign agents recruited by the CCP via Macau can be astonishing. Some of them may not even realize that they become CCP spies or “spokespersons”. They will speak and act in favor of the CCP in the areas they can influence.
Launchpad for world influence and infiltration
Casino magnate Steve Wynn with business interests in China hand-delivered the White House a letter from the Chinese government requesting Miles Guo‘s handover. Mr. Guo is an outspoken critic of the Chinese Communist government. Even though the letter had the opposite effect – the U.S. government granted political asylum to Mr. Guo, it is an example of CCP’s infiltration at a very high level.
Mr. Wynn was ousted from Wynn Resorts due to allegations of sexual misconduct in 2018, but the CCP’s global infiltration through Macau is still going on.
CCP’s plan to transform Macau into a financial hub
After months-long protests in Hong Kong, Macau is the “obedient city” favored by the CCP. Having failed to replace Hong Kong’s financial hub status with Shanghai, Guangzhou or Shenzhen, now the CCP is drafting a plan to turn Macau into a world-class financial center.
Dec 20th marks the 20th anniversary of the transfer of sovereignty of Macau from Portugal to China. The CCP has planned a lavish celebration.
Macau’s GDP per capita by purchasing power parity is one of the highest in the world thanks to its thriving casino industry and tourism.
How the future is going to play out for Macau remains to be seen. But one thing is certain: the CCP wants to use Macau as a weapon of mass destruction.