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Cambodia Strengthens Anti-Money Laundering Measures

Efforts to Meet Global Standards

Cambodia has been actively working to enhance its anti-money laundering (AML) and combating the financing of terrorism (CFT) system, making significant strides in technical compliance with international standards set by the Financial Action Task Force (FATF).

Key Reforms and Achievements

• Enactment of key legislation: Cambodia has enacted laws to combat money laundering and terrorism financing.
• Establishment of a Financial Intelligence Unit: The country has established a Financial Intelligence Unit within its Central Bank to collect and analyze financial intelligence related to suspicious transactions.
• Conducted first national risk assessment: Cambodia conducted its first national risk assessment to identify vulnerabilities in the AML/CFT system.

APG Mutual Evaluation

In December 2016, Cambodia underwent its second Asian Pacific Group (APG) Mutual Evaluation. The full report was adopted by APG members in July 2017 and is available for public review under the APG’s document repository.

The Importance of Strengthening AML Measures

Cambodia’s efforts to enhance its AML/CFT system are crucial in maintaining a stable and secure financial environment. By continuing to strengthen its anti-money laundering measures, Cambodia is better equipped to prevent illicit activities and ensure the integrity of its financial sector.