News
Body notes ‘significant’ anti-laundering strides
An inter-governmental anti-money laundering group has stopped monitoring Cambodia after it said the Kingdom had made “significant progress” toward fighting financial crimes. ...
Daniel Pye
http://www.phnompenhpost.com/body-notes-significant-anti-laundering-strides
Anti-laundering law gets tougher penalties
The National Assembly yesterday passed a law to amend three articles in the anti-money laundering and terrorism financing law by a vote of 83 to six. Speaking at the start of session, Chea Chanto, governor of the National Bank of Cambodia, said the amendments would give ...
http://www.phnompenhpost.com/2013050965513/National/anti-laundering-law-gets-tougher-penalties.html
Cambodia ‘ripe’ for money laundering
Cambodia is ripe for money-laundering and terrorist financing activities due to rampant corruption, banking-sector secrecy and an overall lack of financial transparency, a governance institute says in a report released this week. The Switzerland-based Basel Institute on Governance has ranked Cambodia the third “highest-risk” country out of 144 ...
