France: The Financial Action Task Force (FATF) has removed Cambodia and Morocco from its list of gray checks on money laundering.

The withdrawal was made on February 24, 2023, noting the progress of Cambodia and Morocco in improving the fight against money laundering / the fight against terrorist financing (AML). / CFT) respectively, covered by each of the two countries' individual action plans.

The FATF stated that Cambodia has addressed its technical shortcomings to meet the commitments of its action plan on the strategic shortcomings identified by the FATF in 2019 and 2021.

"Both countries are no longer subject to the FATF's escalation process, but will continue to work with the FATF-style regional bodies (FSRB) to which they are members to strengthen their AML / CFT regime," the FATF added.

Cambodia has been on the FATF's "gray list" of countries at risk of money laundering since 2019.

Through the Royal Government's efforts to combat money laundering, we see that this development is a positive thing for Cambodia to do in the past.