The Asia/Pacific Group on Money Laundering issued a sixth follow-up report on Cambodia’s progress in implementing an effective anti-money laundering and counterterrorist financing regime, welcoming progress made in connection with implementing targeted financial sanctions.
The National Bank of Cambodia and the Monetary Authority of Singapore issued a joint statement concerning efforts to promote financial transparency among small and medium sized enterprises.
Weekly Roundup: HSBC Lands New AML Penalty, Falcon Private Bank Faces Swiss Fine, and More
Texas bank fined $8 million for AML lapses, SEC extracts $1 million from Wedbush Securities, and more, in the weekly roundup.
Treasury Cautions Companies Against Cambodian Commerce
U.S. businesses engaged in commercial activity in Cambodia or planning to operate in the country must stay vigilant for signs of corruption and illicit finance, federal officials advised.
0 Items Found
Technical | Effectiveness |
---|---|
Compliant : 2 | High : 0 |
Largely Compliant : 31 | Substantial : 1 |
Partially Compliant : 6 | Moderate : 3 |
Non-Compliant : 1 | Low : 7 |
Cambodia's technical compliance was re-rated in a Oct. 25, 2023 follow-up report
Rank : 100/110 |
Score : 7.13/10 |
Rank : 160/179 |
Score : 21/100 |
Rank : N/A |
Score : N/A |