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

  • Hong Kong firm done buying Coke Cambodia

    Swire Coca-Cola Ltd, a wholly-owned subsidiary of Hong Kong-listed Swire Pacific Ltd, on November 25 announced that it had completed the acquisition of The Coca-Cola Co’s bottling business in Cambodia, as part of its ambitions to expand into the Southeast Asian market. Swire Coca-Cola affirmed

  • Cambodia's Bokator now officially in World Heritage List

    UNESCO has officially inscribed Cambodia’s “Kun Lbokator”, commonly known as Bokator, on the World Heritage List, according to Minister of Culture and Fine Arts Phoeurng Sackona in her brief report to Prime Minister Hun Sen on the night of November 29. Her report, which was

  • NagaWorld union leader arrested at airport after Australia trip

    Chhim Sithar, head of the Labour Rights Supported Union of Khmer Employees at NagaWorld integrated casino resort, was arrested on November 26 at Phnom Penh International Airport and placed in pre-trial detention after returning from a 12-day trip to Australia. Phnom Penh Municipal Court Investigating Judge

  • Sub-Decree approves $30M for mine clearance

    The Cambodian government established the ‘Mine-Free Cambodia 2025 Foundation’, and released an initial budget of $30 million. Based on the progress of the foundation in 2023, 2024 and 2025, more funds will be added from the national budget and other sources. In a sub-decree signed by Prime Minister Hun Sen

  • Angkor Beer, 30 Years of Prestige and Still Counting

    Let’s celebrate 30 years of prestige with Angkor Beer. In this 2022, Angkor Beer is 30 years old and has been staying with Cambodian hearts in all circumstances. Head of core beer portfolio, EmYuthousaid, “We have been with Cambodians for three decades now. We, ANGKOR Beer, pride

  • Two senior GDP officials defect to CPP

    Two senior officials of the Grassroots Democratic Party (GDP) have asked to join the Cambodian People’s Party (CPP), after apparently failing to forge a political alliance in the run-up to the 2023 general election. Yang Saing Koma, chairman of the GDP board, and Lek Sothear,