Cambodia Still Near Bottom of Laundering Index
By Chris Mueller and Aun Chhengpor | August 20, 2015
Cambodia is still among the 10 most at-risk countries in the world for money laundering and terrorist financing, despite being one of two countries that saw the greatest improvements, according to an annual global index released Tuesday.

According to Preap Kol, executive director of Transparency International Cambodia, while the Kingdom’s slight improvement might reflect a small increase in transparency and access to financial information, the country continues to face significant challenges in its fight against money laundering.

“The capacity of the relevant authorities, the means to enforce the law and to promote transparency is still quite limited,” he said.

In the US State Department’s 2015 International Narcotics Control Strategy Report, Cambodia’s vulnerability to money laundering was reported to be “significant”, due to factors such as its dollarised economy, limited regulatory power and loose oversight of casinos...