Logo of Phnom Penh Post newspaper Phnom Penh Post - Cultivate ‘cooperative spirit” in money-laundering fight: Sar Kheng

Cultivate ‘cooperative spirit” in money-laundering fight: Sar Kheng

Content image - Phnom Penh Post
Minister of Interior Sar Kheng on January 6 said at a ceremony to publicise provisions of a sub-decree against money laundering, terrorism financing, and the financing of proliferation of weapons of mass destruction, which also establishes a committee to oversee pertinent works. SAR KHENG VIA FACEBOOK

Cultivate ‘cooperative spirit” in money-laundering fight: Sar Kheng

Minister of Interior Sar Kheng on January 6 told working groups at relevant ministries and institutions to cultivate their “cooperative spirit” to more effectively prevent and combat money laundering and related offences.

The minister made the remark while presiding over a ceremony to publicise provisions of a sub-decree against money laundering, terrorism financing, and the financing of proliferation of weapons of mass destruction, which also establishes a committee to oversee pertinent works.

He underlined that relevant government units must be motivated and fulfil the duties inherent to their roles in a highly-responsible manner, and make good progress on anti-money laundering efforts.

“Ministries and institutions have to reinforce the apparatus to counter money laundering, terrorism financing, and the financing of proliferation of weapons of mass destruction, and ensure the stability and integrity of Cambodia’s financial system,” Sar Kheng said.

A decision on the associated committee appointed Sar Kheng as its president, National Bank of Cambodia governor Chea Chanto and Minister of Justice Koeut Rith as deputies, and officials from various government bodies as members.

MOST VIEWED

  • Massive stingrays may live in Mekong’s deep pools

    US scientists have suggested that unexplored deep pools in the Mekong River in an area of Stung Treng could potentially be home to significant populations of giant freshwater stingrays, one of the world’s largest freshwater fish species. This comes as a fisherman hooked a 180

  • CCC team off on US business trip

    The Kingdom’s leading economists and private sector representatives have called on the US to renew its tax preferential status for Cambodian exports, as a Cambodia Chamber of Commerce (CCC) delegation departed for a weeklong business visit to the US, where they will meet with

  • PM takes time to meet, greet Cambodians living in the US

    After landing in the US ahead of the ASEAN-US Special Summit, Prime Minister Hun Sen was received by over 1,000 Cambodian-Americans including political analysts who welcomed him with greetings, fist bumps and selfies. Hun Sen also met with analyst Mak Hoeun, who had allegedly spoken ill

  • Khmer cinema classics back on big screen for free at WB Arena’s outdoor movies series

    On a recent Saturday evening at WB Arena, Bunsong was enjoying a tasty BBQ meal with his family after work on the long tables that had been arranged out in front of the restaurant as they watched a Khmer action movie on a big outdoor

  • PM heads to Washington for ASEAN-US special summit

    Regional and international issues and how to bring the ASEAN-US partnership to another level will be discussed at length as Prime Minister Hun Sen and his ministers arrive in Washington, DC, for a special summit on May 12-13. During the trip, Hun Sen and ASEAN

  • National Assembly refutes EU resolution

    The National Assembly (NA) has hit back at a European Parliament resolution condemning the political and human rights situation in Cambodia, calling it another display of the Parliament’s “double standards”. Key points of the resolution include a warning that the Parliament could exclude the