The Macau Police arrested a 43-year-old Hong Kong man suspected of being part of the money exchange gang last night (10th) on suspicion of fraud and money laundering, according to Radio Macau (TMD).A gambler converted $480,000 of cash won into RMB442,000 through the abovementioned man last Thursday (5th), and transferred the money to his bank account in mainland China, according to the report. Related NewsG Sachs: Limited Impact on MO GGR From Illicit Money Changer Crackdown; GALAXY, MGM See 90%+ Room Booking in CN National Day Golden WkHowever, on the following day, the RMB340,000 deposit in the account was frozen by the mainland police for the remittance of fraudulent payment.