Logo of Phnom Penh Post newspaper Phnom Penh Post - Cambodia, Vietnam to fight financial crimes

Cambodia, Vietnam to fight financial crimes

Cambodia, Vietnam to fight financial crimes

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]

MOST VIEWED

  • Cambodia’s image problem

    In opening remarks at a recent event, Secretary of State at the Ministry of Foreign Affairs and International Cooperation Luy David said information can be a double-edged sword. He told a European Institute of Asian Studies (EIAS) briefing seminar that the media has unfairly presented

  • PM Hun Sen says dangers averted

    Delivering a campaign speech from his home via Facebook Live on Thursday, caretaker Prime Minister Hun Sen said his Cambodian People’s Party (CPP) had carried the country through danger in its latest mandate. He was specifically referring to the threat of a “colour revolution”

  • Kingdom's trade deal with EU questioned before poll

    A European Union (EU) mission met with senior government officials at the Ministry of Interior on Tuesday as the 28-member bloc monitors an agreement under which Cambodian goods reach the crucial European market tariff-free. Some 10 commissioners are in the Kingdom as part of a seven-day

  • A new carrier takes off in capital

    Cambodia Airways, the latest passenger airline to enter the Kingdom, launched its first domestic flight on Tuesday. Flight KR801, carrying 145 passengers, left the Phnom Penh International Airport at 9:50am and landed in Siem Reap at 10:35am in an Airbus A319. Cambodia Airways marketing and branding