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.