Cambodia casino biz with high risk of illicit activity: U.S. govt

Proliferation of casino licences in Cambodia has increased the risk of money-laundering and other financial crimes in that country, says an advisory report from the U.S. Department of State, U.S. Department of the Treasury, and U.S. Department of Commerce.

“The UN Office on Drugs and Crime noted that between 2014 and 2019, casino licences in Cambodia increased 263 percent, though the government’s 2020 ban on online gambling curtailed this growth,” said the advisory note.

It added: “However, the increase in casinos over the past decade outpaced regulators’ capacity to monitor and police these establishments, attracting organised crime elements that invest in casinos and use them to launder money.”

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