Cambodia Upgrades Anti-Money Laundering Efforts

The Cambodian government has announced a new working group and action plan aimed at cracking down on money laundering in the nation, according to a police official on Monday.

“The police’s measures have not been effective. We are going to strengthen our enforcement, and not only at border crossings,” said police spokesman Chhay Kim Khoeun, quoted by the Phnom Penh Post.

Around US$4 million in cash has been seized at Phnom Penh International Airport alone this year, while around US$10 million in dirty money has been detected flowing through Cambodian banks.

It is unknown how the crackdown will affect Cambodia’s online and land-based gambling industries. (AGB)