Important Activities of ACU in 2019 – Roles of ACU in the efforts in fighting money laundering and terrorism financing

Cambodia considered the fighting against money laundering and terrorism financing is the important, necessary and immediate task. The Royal Government of Cambodia showed goodwill and commitment to the fight against money laundering and terrorism financing through the Rectangular Strategies phase 4, the national strategies on the fight against money laundering and terrorism financing 2019-2023; the changes of legal framework and institutional framework for the effectiveness in terms of fighting the money laundering.

Reminding that Cambodia used to receive the assessment on the work of fighting against money laundering and terrorism financing for 2 times from APG in 2007 and 2017. Cambodia Financial Intelligence Unit (CAFIU) is the focal institution of Cambodia in facilitating the work on the anti-money laundering and terrorism financing. Anti-Corruption Unit is the law enforcement agency prepared its internal legal formalities to fight against money laundering and terrorism financing by arranging to have a parallel investigation, make changes to SOP in line with the standards of FATF, established the office against money laundering and created an inter-ministry technical working team to facilitate the law enforcement for investigating the offence of money laundering that the representative of ACU is the chief of the working group.

Relevant ministries/institutions of Cambodia closely cooperated in the work on fighting money laundering and terrorism financing and capacity building is also enhanced on a continuous basis such as simulations, trainings and workshops.

UN Representatives and governmental experts from Ewatini and Thailand in the process of reviewing Second Cycle of UNCAC Implementation in Cambodia.