Anti-money laundering plan for Cambodia.
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Anti-money laundering plan for Cambodia.
Anti-Money Laundering Plan
The APG, which was founded in 1997 as part of the global Financial Action Task Force, is an autonomous agency that collaborates with member governments to combat money laundering and terrorism financing. It has given the government a year-end deadline for a review of its national strategies that has to comply with APG’s evaluation methodology for assessments of technical compliance as well as effectiveness of rules and monitoring.
“Cambodia had once been evaluated by the APG in 2007, but did not get a good result because there was a lack of laws in the country to prevent money laundering and financing of terrorism. The APG evaluation this time will be quite complicated compared to the past evaluation,” said Mr. Chanto.
The central bank governor said Cambodia has been working hard on a national strategy and amending laws to criminalize money laundering and terrorism financing since the 2007 evaluation.
http://www.khmertimeskh.com/news/28845//
The APG, which was founded in 1997 as part of the global Financial Action Task Force, is an autonomous agency that collaborates with member governments to combat money laundering and terrorism financing. It has given the government a year-end deadline for a review of its national strategies that has to comply with APG’s evaluation methodology for assessments of technical compliance as well as effectiveness of rules and monitoring.
“Cambodia had once been evaluated by the APG in 2007, but did not get a good result because there was a lack of laws in the country to prevent money laundering and financing of terrorism. The APG evaluation this time will be quite complicated compared to the past evaluation,” said Mr. Chanto.
The central bank governor said Cambodia has been working hard on a national strategy and amending laws to criminalize money laundering and terrorism financing since the 2007 evaluation.
http://www.khmertimeskh.com/news/28845//
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Re: Anti-money laundering plan for Cambodia.
You stop the money laundering scams and internet gambling scams done in Sihanoukville and most of the resident Chinese either go to jail or home, and the economy might take a nose dive. Big projects, big laundry. Wash, launder, dry, wash, launder, dry. Oh how the money gets clean.
- bolueeleh
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Re: Anti-money laundering plan for Cambodia.
think of the children! who is gonna pay the salaries of construction workers that build empty ghost towns?
Money is not the problem, the problem is no money
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