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Cambodia implicated in money laundering


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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

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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.

 

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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 by Gervais Bilodeau
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