Doc67 wrote: ↑Tue Mar 08, 2022 10:26 am This may be the reason ABA is suddenly becoming very picky about incoming remittances and in particular the source being explicitly named in the correct box and not just the bank, TransferWise in my case.

I think ABA has always been picky, 6 years ago I transferred money from my Own EU account to them, they needed to see proof how I got that money in my EU accounts! They seemed to relax a bit after a year or 2 though. But now more recently, Sathapana and Bred Bank are also asking for invoices or records for incoming transfers even for local transfers!

Why do you all think Cambodia has recieved and retained a degrated rating for so long?

Doc67 wrote: ↑Sat May 02, 2020 1:48 pm

fazur wrote: ↑Sat May 02, 2020 8:00 am

Doc67 wrote: ↑Fri May 01, 2020 9:50 pmThese laws are all well and good in countries with proper legal systems and fair and transparent rights of appeal and where honesty is the norm, not the exception, from banking and government institutions. That is not Cambodia.

what countries r u thinking of?

The UK, Switzerland, France, Germany, Denmark, NORWAY, Sweden, Canada, Australia, New Zealand.... it's a long list and includes many countries. Countries with one Prime Minister for 35 years and winning the latest election 125 - 0 is a big red flag along with countries with rulers in military uniforms.

No bank, regardless of the country, is honest. They're crooks. They have a say in everything that affects them, including the laws.

KYC & CDD

In a tiny country where it's own people cannot gamble, to be filled with casinos and against money laundering is a bit strange.

Non Juristic persons can still buy and sell gold without any reporting...Same as Thai-Land...Wonder why ?..Read this.

https://www.google.com/url?sa=t&source= ... TQIrZyj5WG

FATF’s early-2023 visit lifts hopes for grey-list exit
Ry Sochan | Publication date 17 November 2022 | 21:03 ICT
With the Financial Action Task Force (FATF) set to arrive in Cambodia in early 2023 to assess the government’s efforts to stop money laundering, Minister of Interior Sar Kheng said he regarded it as a prime opportunity for the Kingdom to get itself removed from the grey list of countries at high risk for money laundering.

Sar Kheng was leading the 5th meeting of the national coordinating committee on anti-money laundering and financing of terrorism and proliferation of weapons of mass destruction, held in Phnom Penh on November 17.

Also in attendance were Minister of Justice Koeut Rith; Minister of Agriculture, Forestry and Fisheries Dith Tina; Minister of Post and Telecommunications Chea Vandeth; HM, Deputy Commander-in-Chief of the Royal Cambodian Armed Forces (RCAF); Anti-corruption Unit head Om Yentieng; and representatives of relevant institutions.

The meeting was held to discuss the outcome of the decision made by the general assembly of the FATF – an intergovernmental body set up to develop policies to combat international money laundering and the funding of terrorism – on the 10th round progress report submitted by Cambodia and to establish the Kingdom’s work direction for January 2023 so that the country could be removed from the grey list in the near future.

Citing the FATF general assembly on October 21, Sar Kheng said Cambodia had fully implemented all of the remaining FATF action plans and had decided to allow the FATF to assess their case in January 2023.
https://www.phnompenhpost.com/national/ ... -list-exit