Thursday, May 30, 2024 - Login

Cambodia added to anti-money laundering watchlist

Cambodia has become the latest country to find itself on the “grey list” of the Financial Action Task Force (FATF), with concerns the country is highly vulnerable to money-laundering.

The FATF is a global anti-money laundering watchdog, and being added to its “naughty list” could mean a dampening of it's international financial, investment and trade flows.

Cambodia is home to a number of casino resorts, including Nagaworld in its capital city of Poipet, along with a cluster of casinos in Sihanoukville, along with border casinos.

According to a report from Reuters, FATF president Marshall Billingslea said Cambodia had “significant deficiencies.”

“It really runs the gamut,” he said, however, he added that Cambodia had made a “high-level political commitment” to address the problem.

Asia Gaming Brief is a news and intelligence service providing up to date market information for worldwide executives on relevant gaming issues in Asia.

Contact us

PO Box 1139, Macau SAR
Tel: +853 2871 7267
Fax: +853 2871 7264

Asia Gaming Brief