CAMBODIA’S WEAK AML SYSTEMS CRITICISED BY INTERNATIONAL OBSERVERS
September 1st, 2017
THE IMPOVERISHED south-east Asian kingdom of Cambodia shares porous borders with the significantly more dynamic economies of Thailand and Vietnam, is notorious for corruption, has a large casino sector and generates significant earnings from illegal exports.
This precarious mixture of factors has since 2012 consecutively earned Cambodia a spot in the Basel Anti-Money Laundering (AML) Index (from the Basel Institute on Governance) top-10 risk jurisdictions for money laundering. In the 2017 index, it ranked 9th out of 146.
Although this represents a statistical ...
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