Cambodia’s “reputation is at stake,” according to Minister of Interior Sar Kheng. Money laundering remains rampant and the country has come under scrutiny from global money laundering and terrorist financing watchdog, the Financial Action Task Force (FATF). According to anti-corruption agency Transparency International’s Cambodia office, not a single case was prosecuted prior to 2016. 

While the introduction of anti-money laundering laws is a step in the right direction, analysts are concerned there are still deficiencies that need to be addressed. Ashley Yeong looks into the illicit underworld of financial corruption in the Kingdom and the factors that are priming the country to become a regional hub for money laundering.
#Cambodia #MoneyLaundering #Transparency #Corruption #AshleyYeong

https://southeastasiaglobe.com/cambodia-remains-a-regional-money-laundering-centre/