Logo of Phnom Penh Post newspaper Phnom Penh Post - Gov’t steps up efforts in tackling dirty money

Gov’t steps up efforts in tackling dirty money

Content image - Phnom Penh Post
Two South Koreans were nabbed by immigration police at Siem Reap International Airport on Sunday when attempting to bring more than $2 million in cash into Cambodia from Hong Kong. Police

Gov’t steps up efforts in tackling dirty money

A senior Ministry of Interior official said on Tuesday that specialised police forces are taking tougher measures to investigate, prevent and stop money laundering and the financing of terrorism.

Ministry of Interior secretary of state and Review Panel Group head Ngy Chanphal said: “We have achieved some of our goals, but the tasks ahead are still more challenging and we will continue on.”

Deputy National Police chief Chhay Sinarith said joint efforts between the authorities and international institutions to launch in-depth investigations into criminal offences have been successful.

“We have recently carried out many operations. We’ve found and stopped money laundering cases and have taken strong-armed measures. We are seeing a lot of positive results,” Sinarith said.

He said Minister of Interior Sar Kheng has instructed all relevant law enforcement officials to pay great heed to the tasks.

The authorities have been seeking experienced international partners and institutions to cooperate and provide assistance in human resources training, investigations and crackdowns on money laundering cases, according to Sinarith.

He told The Post on Tuesday that the authorities had launched joint investigations with the relevant countries into cases of foreigners bringing substantial amounts of money into Cambodia.

On April 23, the Immigration and General Department of Customs and Excise officials at Phnom Penh International airport arrested three Chinese nationals attempting to bring $3.52 million into the Kingdom from Hong Kong without being able to identify its source.

On May 29, a Chinese man travelling from Hong Kong was detained at the Phnom Penh International Airport and nearly $1 million was confiscated by the authorities.

On Sunday, Two South Koreans were nabbed by immigration police at the Siem Reap International Airport when attempting to bring more than $2 million in cash into Cambodia from Hong Kong.

But despite all these achievements, Adhoc spokesperson Soeung Sen Karuna said the government’s efforts to crack down on money laundering are not effective enough.

“We want to know whether the government has a system in place to manage casinos or to control real estate holdings or not. We’ve observed that there are many Chinese nationals who bring money into Cambodia to be laundered. But we don’t know the source of the money,” he said.

MOST VIEWED

  • Ministry issues warning over coronavirus outbreak

    The Ministry of Health on Wednesday asked the public to be on “high alert” as a new virus wreaks havoc across Asia. However, no cases have been reported in the Kingdom thus far. The 2019 Novel Coronavirus (2019-nCoV) has raised the alarm for its similarity to

  • PM urges precaution amid virus outbreak

    Prime Minister Hun Sen on Sunday called on all Cambodians to bump up precautions to avoid contracting the 2019 Novel Coronavirus (2019-nCoV) that has already killed more than 50 people in China. The prime minister told the public to remain calm but alert about the possibility of

  • Gov’t slams NGO over 2019 corruption report

    The government on Thursday slammed a report that described the Kingdom as highly corrupt. Government spokesperson Phay Siphan dismissed the latest Transparency International (TI) report as “just an advertisement of NGOs to promote their own interests”. Released on Thursday, the report puts Cambodia near the

  • No power shortages next dry season, says energy minister

    Minister of Mines and Energy Suy Sem has assured the public that Cambodia will not suffer power shortages during the next dry season. Speaking on local TV on Tuesday, Sem projected a rise in power demand during 2020’s dry season – which starts in November and

  • App to connect farmers to millions

    The Ministry of Agriculture, Forestry and Fisheries has soft-launched a mobile app that connects farmers with potential buyers and gives them access to critical market information. The ministry’s Agriculture Marketing Office chief Meach Yady said the ‘CamAgriMarket’ app gives farmers a platform to showcase

  • Gov’t ups security to block virus

    With the new coronavirus claiming its 17th life in China, the Cambodian Ministry of Health on Thursday said it is taking measures to ensure the disease does not enter the Kingdom, including inspecting all flights from Wuhan City, the outbreak’s epicentre. Ministry secretary of