Macau teller machines are now equipped with enhanced KYC (Know Your Customer) compliance capabilities that require identity cards and faces to be scanned before cash withdrawals can be made. Photo: Bloomberg

UnionPay ATM withdrawals to come under closer scrutiny in Hong Kong, as they are in Macau

HKMA quizzes banks on ATM cash withdrawals by UnionPay cards in the first six months, according to notice cited by Apple Daily.

Topic |   Regulation

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Macau teller machines are now equipped with enhanced KYC (Know Your Customer) compliance capabilities that require identity cards and faces to be scanned before cash withdrawals can be made. Photo: Bloomberg
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