Cambodia remains vulnerable to money laundering: FATF
Cambodia is finding it hard to shake off its reputation as a ‘haven’ for dirty money. Despite the government’s best efforts, the Kingdom remains among the countries most vulnerable to the flow of illegal money, according to the latest report coming from the Financial Action Task Force (FATF). The Paris-based FATF is a global money laundering and terrorism financing watchdog. It was formed in 1989 as part of a G7 initiative against money laundering. In 2001, its mandate was expanded to include terrorism financing. The FATF has 41 member countries, including Cambodia. …
Jose Rodriguez T. Senase
https://www.khmertimeskh.com/50656242/cambodia-remains-vulnerable-to-money-laundering-fatf/
