Cambodia has become a money-laundering haven for Chinese criminals for several very basic reasons, according to an analyst who works on criminal justice.
In a note posted on LinkedIn on Monday, Mina Chiang said she had briefed an Interpol meeting in Tokyo on features of Cambodia’s legal and financial system to explain why Chinese citizens see it as an extraordinarily “convenient” hub to exchange money.
Cambodia is not part of the Common Reporting System – a global framework developed by the Organization for Economic Cooperation and Development (OECD) to facilitate the exchange of financial account information about citizens’ assets with other participating governments, Ms Chiang said.
In full: https://www.asiafinancial.com/cambodia-is-a-money-laundering-haven-for-chinese-criminals
