The country was added to the Financial Action Task Force (FATF) grey list of untrustworthy jurisdictions in 2020.<\/p>\n\n\n\n\n\n\n\n
Cambodia.- Authorities in Cambodia are hoping to get the country off the Financial Action Task Force (FATF) grey list<\/a> of untrustworthy jurisdictions next year. The country was added to the list in 2020.<\/p>\n\n\n\n Speaking at the 5th meeting of the National Coordinating Committee against money laundering and terrorist financing, Cambodia\u2019s minister of the interior, Sar Kheng<\/strong>, said removing the country from FATF’s Grey List was a crucial economic and political task. She expressed hope that this would happen after the FATF visit in early 2023. <\/p>\n\n\n\n The FATF will assess Cambodia’s anti-money laundering efforts <\/strong>after the country submits its 10th round progress report to the international watchdog. Kheng noted that Cambodia had submitted its report ahead of schedule and had made significant progress since the 9th round report.<\/p>\n\n\n\n Kheng said Cambodia had fully implemented all remaining FATF action plans <\/strong>and will ask the FATF to consider its case in January, calling the visit a “golden opportunity for Cambodia to emerge from the grey list.”<\/p>\n\n\n\n In recent months, Cambodia has increased controls over illegal casinos. The government urged authorities to shut illegal gambling<\/a> in cafes and shops and it also published a series of new guidelines for gambling businesses<\/a>. <\/p>\n","protected":false},"excerpt":{"rendered":" The country was added to the Financial Action Task Force (FATF) grey list of untrustworthy jurisdictions in 2020.<\/p>\n","protected":false},"author":176,"featured_media":16022,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Cambodia is actively working towards removal from the Financial Action Task Force (FATF) grey list in early 2023, a designation received in 2020 due to deficiencies in anti-money laundering (AML) and counter-terrorist financing (CTF) frameworks. The government has implemented all remaining FATF action plans, submitted its 10th progress report ahead of schedule, and increased controls over illegal casinos while issuing new guidelines for licensed gambling businesses. This removal is deemed a crucial economic and political objective for the nation.","focusai_entities":"Financial Action Task Force (FATF), Sar Kheng, National Coordinating Committee against money laundering and terrorist financing","focusai_location":"Cambodia","focusai_target_profile":"ceo_executive (0.9), regulator (1.0), compliance_legal (1.0), operator_casino (0.9), affiliate_publisher (0.7), payments_fraud_aml (1.0), investor_analyst (0.9), supplier_vendor (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"FATF Visit Impact","query":"What specific changes to Cambodia's AML\/CTF governance frameworks and enforcement mechanisms will the FATF prioritize during its early 2023 assessment, and what are the potential implications for B2B\/B2C licensing integrity?"},{"label":"Operator Compliance Burden","query":"How will the 'new guidelines for gambling businesses' specifically alter the operational compliance burden and reporting requirements for licensed iGaming operators in Cambodia, particularly concerning player KYC and transaction monitoring?"}],"footnotes":""},"categories":[157,16333],"tags":[23911],"class_list":["post-35573","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-south-east-asia-news","tag-gambling-regulation"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/35573","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=35573"}],"version-history":[{"count":5,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/35573\/revisions"}],"predecessor-version":[{"id":35594,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/35573\/revisions\/35594"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/16022"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=35573"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=35573"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=35573"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}