Macao's Legislative Assembly (LA) has passed two separate bills to fight money-laundering and terrorist activities, local media reported on Monday.

The Macao Post Daily reported that the bill on "The Prevention and Repression of Money Laundering" demands concerned local businesses to comply with the proposed legal requirements under the supervision of the government-run Monetary Authority of Macao.

The bill on "the Prevention and Repression of Terrorist Activities" will bring Macao's laws in line with international conventions and agreements on terrorism, said the newspaper.

Source: Xinhua