Search form

Login - Register | FOLLOW US ON

Logo of Phnom Penh Post newspaper Phnom Penh Post - Dirty cash

Dirty cash

A prakas was issued on October 21 to combat money laundering in Cambodia. The

decree requires all banks to monitor and record transactions greater than 40m

riel (around $10,000). Any suspicious transactions must be reported immediately

to the National Bank of Cambodia. Among the other measures: it is forbidden to

tip off a client that such a report has been made; opening anonymous accounts is

banned; and any company bank accounts must have shareholders identified. Source:

DFDL Law Update.

0

Comments

Please, login or register to post a comment

Latest Video

Explore the durian and rubber farms of Kampong Cham

Take a drive north of Kampong Cham, past the dirt roads and the dense greenery.

Kem Sokha talks politics, power and Hun Sen

Kem Sokha, leader of the Cambodia National Rescue Party, sat down with The Post’s Alex Willemyns and Mech Dara to discuss his supporters’ initial disappointment with this year’s

NEC officials tally votes during a recount last week in Phnom Penh.

Cambodia’s National Election Committee last week rejected 33 of 61 complaints filed over the conduct of June 4’s commune election, according to a s

People search for their names on the voter lists at a polling station in Kampong Cham’s Veal Vong commune earlier this month.

Four years ago, when the opposition snatched Kampong Cham away from the ruling party in 2013 national elections, it hinted at a deeper shift taking