‘Unfair’ to include Cambodia in money-laundering ‘grey list’

Cambodia's relisting in the “grey list” of the Financial Action Task Force (FATF) on Friday is “unfair”, after the Kingdom met all requirements and was removed from it in 2015, said a source at the National Bank of Cambodia.

This is because the Kingdom was evaluated based on a new standard that came into force in 2013, the source said, even as it was undergoing a mutual evaluation process by representatives of the FATF’s Asia Pacific Group on Money Laundering (APG).

However, in 2016, a year after being removed from the list, the Kingdom again underwent a mutual evaluation based on the new 2013 standard, the report of which was adopted by the APG Plenary meeting in 2017