According to the Asian Development Bank (ADB)’s announcement, it would be granting a US$10 million soft loan to develop and reform the Cambodian government’s financial system such as the establishment of a financial intelligence unit at the National Bank of Cambodia to combat money laundering, strengthening of supervision of the banking sector, installation of an [...]
Posts Tagged ‘Money laundering’
Cambodia is an easy target for money laundering
May 22nd, 2009 
Cambodia Economy Money laundering happens in almost every country in the world, and a single scheme typically involves transferring money through several countries in order to obscure its origins. In practice, criminals are trying to disguise the origin of money obtained through illegal activities so it looks like it was obtained from legal sources. The most money [...]
Posted in Banking System 
Tags: anti-money laundering, banking sector, Combating the Financing of Terrorism, Commercial banks, con artist, corrupt politicians, drug trafficker, embezzlers, Financial crisis, financial system, financial terrorists, How to launder money, illegal financial activities, Laundering, Money laundering, Money laundering technique, terrorism funding 
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