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Deadly Collision Claims 67 Lives in U.S. Air Disaster | At Least 30 Dead and Many Injured in Stampede at Maha Kumbh Mela in India | Chinese President Xi Jinping Affirms Cambodia's Role as a Key Partner in China’s Diplomatic Strategy | Xi Jinping Concludes State Visit to Cambodia, Strengthening Bilateral Ties | Chinese President Xi Jinping Concludes Successful State Visit to Cambodia | Chinese Ambassador: US-China Trade Tensions Harm Developing Nations; President Xi Urges Investment in Cambodia and Expanded Market Access | Japanese Maritime Self-Defense Force Ships Bungo and Etazima Dock at Ream Sea Base for Four-Day Visit | Prime Minister Hun Manet Expresses Displeasure Over Criticism of Chinese Investments During Kampot International Tourist Port Inauguration | Asian Development Bank Collaborates with Cambodia on New Development Projects Worth Over $1 Billion |

BREAKING NEWS: FATF Decides to Remove Cambodia From The Gray List of Money Laundering

  • Posted Feb 24, 2023 23:11 by EAC News
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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.


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