The National Bank of Cambodia this week signed a Memorandum of Understanding with the State Bank of Vietnam that would allow for the exchange of information to fight money laundering and terrorism financing.

The MoU, signed by NBC Governor Chea Chanto and SBV Governor Nguyen Van Binh in Phnom Penh on Wednesday, will allow the individual countries to leverage the databases and information held by the other country in combatting the two issues.

The Kingdom and Vietnam also signed an MoU on Wednesday to enhance their respective financial industries through worker development programs. 

To contact the reporter on this story: Siem Bunthy at [email protected]