Cambodia Banks Must Comply with Stringent Regulatory Requirements

The National Bank of Cambodia has issued a comprehensive set of laws and regulations governing the country’s banking sector to ensure the smooth functioning of financial institutions and promote transparency in their operations.

Banking Code Compilation of Laws and Regulations

This collection of legal frameworks is applicable to all licensed and registered banks and financial institutions operating under the National Bank’s supervision. The compilation defines different types of banks and financial institutions, outlining their operational scope and responsibilities.

History of Regulatory Updates

Established in the 1990s, Cambodia’s legal framework for banking has undergone significant updates over the years through the issuance of Prakas, directives, and circulars. These regulatory measures aim to:

• Facilitate compliance among financial institutions
• Enhance research studies
• Promote a better understanding of the legal and regulatory environment governing the sector

Continuous Updates

The compilation is continuously updated to reflect changes in the economy and ensure that regulations remain relevant and effective in promoting a stable and secure banking system.

Compliance Requirements

As such, all banks and financial institutions operating in Cambodia are required to adhere to these stringent compliance and regulatory requirements, which are essential for:

• Maintaining public trust and confidence in the country’s financial sector