Cambodia creates AML working group

The Cambodian government has announced a new working group and action plan aimed at cracking down on money laundering in the nation, according to a police official on Monday. 

“The police’s measures have not been effective. We are going to strengthen our enforcement, and not only at border crossings,” said Police spokesman Chhay Kim Khoeun, quoted by Phnom Penh Post. 

Last month, Cambodia’s Ministry of Interior central security department director, and deputy National Police chief Dy Vichea told The Post that money laundering offenses have increased, both in numbers and in complexity.

 Around $4 million in cash has been seized at Phnom Penh International Airport alone this year, while around $10 million in dirty money has been detected flowing through banks. 

It is unknown how the crackdown may affect Cambodia’s online and land-based gambling industries. 

In related news, nine people were arrested on Sunday for their involvement in an illegal gambling ring in Phnom Penh’s Mean Chey district.

The group was arrested as part of a police clampdown on a cockfighting ring.

“This is the first time that we have arrested people for their involvement in cockfighting and craps games,” said district police chief Meng Vimeandara.

Cockfighting was officially banned in 2009, however, it remains a common past-time for many locals in the country. 

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