ATMs to have identity verification feature: govt
In order to protect Macau’s financial system and the interests of cardholders whose bank cards have been issued in the mainland, all ATM machines in Macau will have Know Your Customer (KYC), a compliance feature, the government announced yesterday.According to Wikipedia, KYC is a process of a business identifying and verifying the identity of its clients. It also refers to the banking and anti-money laundering regulations which govern these activities.According to a statement by the