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Cambodia removed from money-laundering grey list

The Paris-headquartered Financial Action Task Force (FATF) has removed Cambodia and Morocco from its grey list of high-risk countries for money laundering after the Southeast Asian nation had been listed since 2019.
Cambodia removed from money-laundering grey list ảnh 1FATF delegates discuss key issues in the fight against money laundering and terrorist financing in Paris on February 24. (Photo: FATF)

Phnom Penh (VNA) – The Paris-headquarteredFinancial Action Task Force (FATF) has removed Cambodia and Morocco from itsgrey list of high-risk countries for money laundering after the Southeast Asiannation had been listed since 2019.

According to the FATF, Cambodia had madeprogress in improving anti-money laundering and combating the financing ofterrorism (AML/CFT) regimes.

The country "has addressed its technical deficienciesto meet the commitments of its action plan on strategic deficiencies that theFATF identified in February 2019," the FATF said.

It added that Cambodia is no longer subject to theFATF's increased monitoring process.

The FATF has just added South Africa and Nigeria to its “greylist” of countries for falling to combat money laundering and terrorismfinancing./.

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