The government is seeking to strengthen its ability to counter money laundering and terrorism funding through a new working group that combines representatives across several ministries and the private sector.
According to a statement released yesterday from the National Coordination Committee on Anti-Money-Laundering and Combating the Financing of Terrorism, the new working group will be set up in response to an upcoming audit from international watchdog Asia/Pacific Group on Money Laundering, scheduled for next year.
“This shows the world that Cambodia is strong and is in cooperation with anti-money-laundering and financial terrorism,” Keat Chhun, deputy prime minister and chair of the committee, was quoted as saying in the statement.
The working group will gather information and legal documentation in order to cooperate with auditors from the Asia/Pacific Group, the statement said.