Cambodia has become the latest country to find itself on the “grey list” of the Financial Action Task Force (FATF), with concerns the country is highly vulnerable to money-laundering.
The FATF is a global anti-money laundering watchdog, and being added to its “naughty list” could mean a dampening of it’s international financial, investment and trade flows.
Cambodia is home to a number of casino resorts, including Nagaworld in its capital city of Poipet, along with a cluster of casinos in Sihanoukville, along with border casinos.
According to a report from Reuters, FATF president Marshall Billingslea said Cambodia had “significant deficiencies.”
“It really runs the gamut,” he said, however, he added that Cambodia had made a “high-level political commitment” to address the problem.