Cambodia implicated in money laundering

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.

In full: https://www.phnompenhpost.com/national/cambodia-implicated-money-laundering

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