Phnom Penh (FN), June 12 – Cambodian interior minister Sar Kheng urged officials to obstruct money laundering, while the kingdom was put on the Financial Action Task Force (FATF)’s grey list, speaking Wednesday in ceremony for the third mandate capital and provincial councilors to assume offices.

“Cambodia was on the [FATS’s] grey list and if no efforts made, we will be on blacklist. Without actions, it only benefits a group who conspire to do this business [money laundering], yet it will destroy our whole nation and people,” the minister stated.

The FATF is an inter-governmental organization that underpins the fight against money laundering and terrorist financing.
=FRESH NEWS