Cambodia remains a regional money laundering centre
Cambodia Minister of Interior Sar Kheng understands the impact that money laundering can have on his nation.
“Our country’s reputation is at stake,” Sar Kheng said in July 2020. “If [the Financial Action Task Force] consider Cambodia a money-laundering destination, it will badly impact our banking system, including the national bank and private banks.”
Two years later, money laundering continues to be rampant in Cambodia.
The Kingdom has been under the eye of the Financial Action Task Force (FATF), a global money laundering and terrorist financing watchdog, since 2019 when Cambodia was placed on the organisation’s ‘grey list.’
ASHLEY YEONG
