After five years, Cambodia still has some unresolved financial red flags raised by an international counter-financial terrorism group, with a final follow-up assessment coming up next month.
Officials introduced new plans to combat human trafficking in response to the U.S.’s decision to drop Cambodia to the lowest ranking in anti-trafficking efforts, in a meeting chaired by Interior Minister Sar Kheng.
Cambodia has long been flagged for money laundering activity, raising concerns among commentators that rising illicit flows of money could lead to potential repercussions, much like the country’s poor showing in a recent trafficking report.
Prime Minister Hun Sen said Tuesday the people want the CPP to continue to lead the country. Interior Minister Sar Kheng warned the national bank can be blacklisted if authorities didn’t crackdown on money laundering and drug financing.
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