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Cambodia’s General Department of Customs and Excise is in the midst of an extensive institutional transformation aimed at shutting down trade-based money laundering risks that pose a serious threat to the country’s fiscal stability. With technical support from the International Monetary Fund, the government is rolling out six separate revenue-mobilisation measures designed to strengthen its ability to fund public services without relying on external assistance. Central to thi

Cambodia’s National Bank is intensifying measures to combat cross-border crime and money laundering as the country works to avoid being placed on the Financial Action Task Force (FATF) grey list for a third time, amid ongoing enforcement against the nation’s notorious scam hubs. According to local Chinese-language media outlet The Cambodia China Times, National Bank of Cambodia Governor Chea Serey revealed at the bank’s annual work summary meeting that the institution is bols

Chen Zhi, founder and chairman of Prince Group, has been arrested in Cambodia and repatriated to China for investigation, according to The Cambodia China Times, a Chinese media outlet operating in Cambodia. The detention represents a major development in a case that has attracted international attention over allegations of large-scale cross-border fraud and money laundering. Cambodian media reports indicated that Chen was taken into custody in Cambodia and transferred to Chin