Thailand
Cambodia: Cambodia stuck on money laundering blacklist
Cambodia: Cambodia stuck on money laundering blacklist
Wednesday, 10 August 2016 – Cambodia has been listed as the highest-risk nation in ASEAN, and ranks sixth globally, for its susceptibility to money laundering and terrorism financing in a recently released global index that charts the vulnerability of 149 nations.
The 2016 edition of the Basel Anti-Money Laundering (AML) Index, issued annually by the Switzerland-based Basel Institute on Governance, states that Cambodia has structural vulnerabilities within the financial sector, a weak judicial system and suffers from high rates of corruption.
Assessed on a risk scale from zero to 10 ? with 10 being the highest risk ? Cambodia ranked 7.89 on the index?s overall score. This was the worst ranking among all 10 ASEAN nations, and sixth globally behind Iran, Afghanistan, Tajikistan, Uganda and Guinea-Bissau. Read More?