Vietnamplus

Cambodia’s draft law of anti-money laundering bill was approved on May 15 at the Council of Ministers meeting chaired by Prime Minister Hun Sen.

Cambodia’s Interior Ministry has so far cracked down on 75 money laundering cases, seized about 8 million USD and confiscated nearly 3,000 vehicles, since the Financial Action Task Force (FATF) placed the country on its grey list a year ago.

The Ministry of Construction has recently requested the Departments of Construction in cities and provinces to urge enterprises in the real estate sector to report suspicious transactions and cash transactions worth 300 million VND (13,000 USD) and above.

Cambodian authorities have recently discovered several illegal money transport cases with huge amounts through the country’s international airports.

The Anti-Money Laundering Steering Committee convened its first meeting in Hanoi on June 19 to discuss working regulations and tasks.