Financial Crime World

Financial Crimes Against Individuals on the Rise in Macao

Increase in Internet-Based Scams Blamed for Surge in Financial Crimes

The number of financial crimes committed against individuals in Macao has seen a significant surge in the first half of this year, with authorities attributing the increase to a rise in internet-based scams. According to Secretary for Security Wong Sio Chak, fraud cases in Macao have outpaced those reported in the same period last year.

Sophisticated Scams Deceiving Victims

Scammers are increasingly using sophisticated tactics to deceive victims, often posing as government officials or salespeople to gain their trust. Once compromised, victims’ credit card information is typically misused by criminals. Wong warned that this type of fraud has become more prevalent due to the widespread use of the internet, which has led to a shift away from traditional forms of deception that required physical contact.

Crime Rates in Macao: An Overview

Despite the increase in financial crimes against individuals, overall crime rates in Macao have actually decreased compared to pre-pandemic levels. The city’s police force launched 6,248 criminal investigations between January and June this year, marking an increase of over 25 percent year-on-year but a nearly 10 percent decline from the same period in 2019.

Breakdown of Crimes Investigated:

  • Crimes against property: 3,750 cases
  • Crimes against people: 1,112 cases (including 122 instances of violent crime)
  • Crimes against society: 328 cases
  • Crimes against the territory: 245 cases
  • Gaming-related crimes: A notable decrease of over 56 percent compared to the same period in 2019 but an increase of more than 113 percent year-on-year

Government Response

The government has linked the rise in financial crimes to the relaxation of travel restrictions, which were tightened during the pandemic and led to a significant drop in crime rates. With borders now reopened, authorities are urging citizens to remain vigilant against fraudulent schemes and report any suspicious activity to the police.