How Macau Became China’s Dirty Money Mekka

The story of Macau came to be the dirty money laundering capital of China. The city of macau has been used by wealthy chinese residents to move their money abroad for years through gambling. Gambling is the major pillar of Macau’s economy and has been for many decades.
How do they do it? Why is all of this still going on? How deep is the corruption? Is China doing anything against it?

Chapters:
0:00 – Intro
2:21 – History of Macau
4:48 – Gambling + Money laundering?
7:30 – Crack down
9:35 – Virus impact

Sources:
-https://financialcrimeacademy.org/money-laundering-through-casinos-in-macau/
-https://en.wikipedia.org/wiki/Ao_Man_Long
-https://f3magazine.unicri.it/?p=462
-https://www.un-ilibrary.org/content/journals/25190709/2009/4/15/read
-https://www.cecc.gov/publications/annual-reports/2013-annual-report
-https://www.businessinsider.com/how-people-use-macau-to-launder-money-2013-11?r=US&IR=T
-https://www.casino.org/news/triads-dominate-macau-junkets-says-academic-paper/