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Gov’t steps up efforts in tackling dirty money
Mech Dara | Publication date 10 July 2019
A senior Ministry of Interior official said on Tuesday that specialised police forces are taking tougher measures to investigate, prevent and stop money laundering and the financing of terrorism.

On April 23, the Immigration and General Department of Customs and Excise officials at Phnom Penh International airport arrested three Chinese nationals attempting to bring $3.52 million into the Kingdom from Hong Kong without being able to identify its source.

On May 29, a Chinese man travelling from Hong Kong was detained at the Phnom Penh International Airport and nearly $1 million was confiscated by the authorities.

On Sunday, Two South Koreans were nabbed by immigration police at the Siem Reap International Airport when attempting to bring more than $2 million in cash into Cambodia from Hong Kong.
https://www.phnompenhpost.com/national/ ... irty-money

Updated news: On 9 July, 2019, three Chinese men were arrested at Phnom Penh International Airport with US$900,000.

TOP NEWS: Cambodia Seizes $7.4M in Cash without Source: Interior Minister
14/07/19 20:00
Phnom Penh (FN), July 11 – Cambodia has confiscated an overall of USD 7.4 million at the international border, according Interior Minister Sar Kheng.

Speaking to the press after closing the 30th World People's Day, the minister confirmed that the confiscated cashes were deposited at the National Bank of Cambodia awaiting further investigation.

“We have about five cases of bringing in loads of cashes into the kingdom without proper financial source,” minister stated.

“The USD 7.4 million we seized has been deposited at the National Bank and is under investigation,” he added.

The suspects were arrested in accordance to law on anti-money laundering and combating the financing of terrorism, and other effective legal instruments in Cambodia.

It is worth noting that Ministry of Interior’s immigration police, on 23 April 2019, arrested three Chinese for bringing USD 3.5 million into the kingdom from Hong Kong without proper financial source; arrested a Chinese on 29 May 2019 for bringing in almost USD 1 million; and later arrested two Koreans on 8 July 2019 for bringing over USD 2.2 million to the kingdom.
=FRESH NEWS

lol
in other news, junkies crack down on drug smuggling

Does anyone know what kind of sentences these Chinese smugglers get ?
Guess the government is happy with the extra cash they bring in (or the officials in the airport). But I failed to read anything about prison sentences, or do they just send them back to China ?

Whatsupdoc wrote: ↑Sun Jul 14, 2019 9:47 pm Does anyone know what kind of sentences these Chinese smugglers get ?
Guess the government is happy with the extra cash they bring in (or the officials in the airport). But I failed to read anything about prison sentences, or do they just send them back to China ?

I think they issue them a free multiple entry visa and a heartfelt invitation to return again soon.

Cambodia has been on the FATF "grey list" for some months now. The list features a few countries that lack money laundering legislation and enforcement procedures. This has implications for normal people like us and business - for example, I have been unable to transfer money from my bank account in Mongolia (from where I have regular income) to Cambodia directly because of that. Mongolian bank blocked the transaction saying Cambodia is blacklisted for transfers. I had to use another pain in the ass method, namely flying-in the some cash and using expensive ATM withdrawals.