In its latest assessment, the International Monetary Fund stressed that money laundering linked to cyber scams and human trafficking poses significant risks to the country's macroeconomic and financial systems. The fund called for stricter supervision, urging authorities to tighten scrutiny on banking and casino licenses, conduct thorough background checks on ultimate beneficial owners, and urgently develop a legal framework for virtual assets.
Responding to the report, Cambodian economist Ky Sereyvath remarked that the IMF's advice serves merely as a reference, emphasizing that the government has already implemented robust measures. As international pressure mounts, the regulatory net over cross-border capital channels is tightening fast.
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