More foreign investors keen on Cambodia: Financial experts

An aerial view of Phnom Penh in 2022. - PPP

PHNOM PENH (The Phnom Penh/Asia News Network): Financial and private sector experts said that the removal of Cambodia from the “money laundering grey list” of the Financial Action Task Force (FATF) recently was an absolute necessity for Cambodia’s financial sector. They said it may bring added benefits with it as it could give more confidence to investors and thereby attract more foreign investment to Cambodia.

In Channy, president and group managing director of ACLEDA Bank, said on March 5 that the removal from the FATF’s “grey list” reflected the government’s efforts towards that end to improve its ability to combat money laundering crimes in Cambodia.