Financial Crime World

Compliance and Risk Management in Finance in Cambodia: A Growing Concern for Businesses

As Cambodia’s economy continues to grow, businesses across various industries are facing increasing pressure to achieve better risk management at a desired cost level. The financial sector, including bankers, insurers, and capital market practitioners, is particularly affected by the diverse views of regulatory bodies such as the National Bank of Cambodia (NBC), Cambodia Financial Intelligence Unit (CAFIU), and Ministry of Economic and Finance (MEF).

With our team of multidisciplinary international and local-based experts, we are at the forefront of navigating the ever-changing regulatory requirements and expectations in Cambodia. Our financial risk management services help clients stay ahead of the curve by providing tailored solutions to meet their unique needs.

Key Areas of Specialization

  • Internal Rating-Based (IRB) Implementation under Basel II/III: We provide expertise on implementing IRB models, ensuring compliance with Basel II/III regulations.
  • Asset and Liability (ALM) and Fund Transfer Pricing (FTP): Our team helps clients develop effective ALM frameworks and FTP systems to manage risk and optimize returns.
  • Liquidity Risk Management: We assist businesses in developing robust liquidity risk management strategies to mitigate potential losses.
  • Operational Risk Framework: Our experts design and implement operational risk frameworks to identify, assess, and mitigate operational risks.
  • ICAAP Implementation and Independent Review: We provide guidance on implementing ICAAP requirements and conducting independent reviews to ensure compliance.
  • CIFRS 9 Expected Credit Loss Implementation: Our team helps clients implement CIFRS 9 expected credit loss models and procedures.
  • Effective Interest Rate (EIR) Implementation: We assist businesses in developing effective interest rate risk management strategies and EIR models.
  • Credit Scorecard Implementation: Our experts design and implement credit scorecards to improve credit decision-making and risk assessment.
  • Revenue Enhancement (RAROC, RAPM): We provide expertise on revenue enhancement strategies, including RAROC and RAPM frameworks.
  • Digitization: Our team helps clients leverage digital technologies to streamline operations, enhance efficiency, and reduce costs.
  • Data Warehousing & Data Governance: We assist businesses in developing effective data warehousing and governance practices to ensure data quality and integrity.

Benefits of Our Services

By leveraging our expertise in these areas, businesses can effectively manage risk, comply with regulations, and drive growth in Cambodia’s dynamic financial landscape. Our services are designed to help clients navigate the complexities of compliance and risk management, ensuring they remain competitive and resilient in a rapidly changing environment.