Cambodia implicated in money laundering

[geovalin]

Cambodia and 11 other countries are likely to be added to the list of states that “pose significant threats” to the EU’s financial systems for failures to tackle money laundering and terrorism financing, according to draft documents seen by Reuters and expected to be published on Thursday.

 

Cambodia joined Panama, the Bahamas, Mauritius, Barbados, Botswana, Ghana, Jamaica, Mongolia, Myanmar, Nicaragua and Zimbabwe in the expanded list, which is due to take effect in October.

 

Countries that were already on the blacklist are Afghanistan, Iraq, Vanuatu, Pakistan, Syria, Yemen, Uganda, Trinidad and Tobago, Iran and North Korea.

 

read more https://www.phnompenhpost.com/national/cambodia-implicated-money-laundering

[1Gringo]

sorry, but what country ISN'T laundering money?

 

[Katipo]

With all those Chinese casinos, the country is basically one big money laundering service.

[Benmart]

2 hours ago, 1Gringo said:

sorry, but what country ISN'T laundering money?

 

Read the provided list, do some research and come your own conclusion.

[Jcord1]

I would have thought the Philippines would have made that list.

[phycokiller]

of course, is there another reason why cambodia uses US$?

[liddelljohn]

The City of London UK is the worlds Biggest Money Launderer thats why all the Russian Mobsters  , and dodgy  tyrants from all ocver the world have mansions there ..Only the little people get taxed or hasled by the laws

[mvdf]

38 minutes ago, Jcord1 said:

I would have thought the Philippines would have made that list.

Nope, we have strict AMLC regs. One of the strictest in ASEAN.

 

In fact, I would have thought the US would have made that list, being one which churns out currency to back the trillions they owe China.

 

[Burma Bill]

Thailand should be on the list!

[Peterphuket]

So, in that country I'll be safe with my money.

Good to know.

[Gervais Bilodeau]

7 hours ago, Katipo said:

With all those Chinese casinos, the country is basically one big money laundering service.

Philippines is missing on the list. Courriers have brought hundreds of millions in the Philippines since last year. The Custons knows the courriers and the amount of millions they brought with them. It was in the news and it is not illegal to do this. Imagine...

Many chinese online casinos in Manila. 

Edited May 8, 2020 by Gervais Bilodeau