{"id":7949,"date":"2020-07-08T21:16:13","date_gmt":"2020-07-08T21:16:13","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=7949"},"modified":"2026-04-24T03:49:08","modified_gmt":"2026-04-24T06:49:08","slug":"cambodia-passes-new-casino-aml-law","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/cambodia-passes-new-casino-aml-law","title":{"rendered":"Cambodia passes new casino AML law"},"content":{"rendered":"\n<p>Cambodia has passed a new regulation on transactions flagged as suspicious for money laundering and terrorism financing.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Cambodia.- Cambodia has passed a new law making casinos reporting entities for the prevention of money laundering and terrorism financing.<\/p>\n\n\n\n<p>Casinos are one type of reporting entities along with banks, investment companies, money transfer services, real estate agents, among others. Businesses are required to report cash transactions for amounts flagged by the Cambodian Financial Intelligence Unit, and to store relevant information about their clients.<\/p>\n\n\n\n<p>Not complying with this regulation carries penalties including fines and licence revocation, New Strait Times reported. \u00a0<\/p>\n\n\n\n<p>Money laundering crimes in Cambodia will now carry a 5 year jail sentence, which can be increased to 20 years if its is proven that transactions was destined to fund terrorist activities.<\/p>\n\n\n\n<p>Locals are not allowed to gamble in Cambodia, and no new casino licences will be issued within 200km of the capital city for the remainder of 2020, AGBrief has reported.<\/p>\n\n\n\n<p>NagaCorp, the leading casino operator in the country, this week <strong><em><a aria-label=\"undefined (opens in a new tab)\" href=\"https:\/\/focusgn.com\/asia-pacific\/nagaworld-to-reopen-for-vip-guests\" target=\"_blank\" rel=\"noreferrer noopener\">reopened<\/a><\/em><\/strong> its gaming machines area and VIP tables after the Covid-19 lockdown.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cambodia has passed a new regulation on transactions flagged as suspicious for money laundering and terrorism financing.<\/p>\n","protected":false},"author":2,"featured_media":7951,"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 has enacted new anti-money laundering (AML) and counter-terrorism financing (CTF) regulations, designating casinos as reporting entities. This mandates casinos to report suspicious transactions and store client data, with non-compliance leading to severe penalties including license revocation and significant jail sentences. The regulatory update coincides with existing restrictions on local gambling and new casino license issuance near the capital.","focusai_entities":"NagaCorp, Cambodian Financial Intelligence Unit","focusai_location":"Cambodia","focusai_target_profile":"ceo_executive (0.9), regulator (1.0), compliance_legal (1.0), operator_casino (1.0), tech_data (0.7), payments_fraud_aml (1.0), investor_analyst (0.9), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"AML Compliance Costs","query":"What is the estimated incremental operational cost for major casino operators in Cambodia to achieve full compliance with the new AML\/CTF reporting and data storage mandates?"},{"label":"Regulatory Enforcement Impact","query":"How will the Cambodian Financial Intelligence Unit's enforcement of these new AML\/CTF regulations impact the competitive landscape and market entry barriers for prospective casino operators?"}],"footnotes":""},"categories":[156,158,16333],"tags":[30,12436],"class_list":["post-7949","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-regulation-news","category-slider-home","category-south-east-asia-news","tag-cambodia","tag-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/7949","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\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=7949"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/7949\/revisions"}],"predecessor-version":[{"id":7967,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/7949\/revisions\/7967"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/7951"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=7949"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=7949"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=7949"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}