Cambodia Introduces and Enacts New Gambling Law

Cambodia has rolled out a new casino industry law that will guarantee fairer and more transparent gambling rules for consumers and businesses.

Cambodia is looking to update what is an out-of-date casino industry regulatory framework. To this end the Cambodia’s National Assembly passed a law in October, to help establish a clear-cut regulation and facilitate anti-money laundering audits and identify verifications, a request put in by the Financial Action Task Force (FATF).

The new framework was approved by the National Assembly with an overwhelming majority consisting of 114 out of 117 votes, and the backing of Cambodia’s Senate.

However, the law only went into effect on Saturday, November 14, as confirmed by Cambodia’s Deputy Director at the Ministry of Economic and Finance Ros Phirun.

In full: https://www.gamblingnews.com/news/cambodia-introduces-and-enacts-new-gambling-law/

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