Police in the global gambling hub of Macau have arrested 17 people this week after raiding pawn shops thought to be easing the illicit flow of money from China, whose slowing economy is prompting authorities to try and curb capital flight. Macau, the only place in China where citizens are allowed to gamble in casinos, has long been considered a money laundering blackspot, susceptible to unchecked capital flows in and out of China. (reut.rs/1lYjktd) The problem has persisted for years, but recent stock market turmoil and signs of growing strain in China's economy are pushing Chinese and Macau authorities to tackle it. Over the past ... (Read the full story)
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