US Lists Cambodia as Potential Money Launderer

By Ros Sothea, VOA Khmer
Original report from Phnom Penh
12 March 2010

Cambodia has become a major country of concern for money laundering, an annual US report says.

The country’s porous borders, weak laws, limited capacity of justice officials and the National Bank and widespread corruption all put Cambodia at risk, according the US State Department, which recently published its 2009 International Narcotics Control Strategy Report.

Cambodia joins 60 other major money laundering countries, including Burma, Singapore and Thailand.

“The report is the compilation of the embassy and our outreach with both the Cambodian government and local NGOs that work with that sector, and also with researchers of the State Department in Washington, DC,” said John Johnson, a spokesman for the US Embassy in Phnom Penh.

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