Phnom Penh (FN), Jan. 30 – Cambodian minister of justice and chairman of the Sub-Committee on the Implementation of the Action Plan of the Joint Monitoring Group of the Asia-Pacific Group on International Cooperation Koeut Rith hosted the first meeting of the newly formed anti-money laundering task force, held on 28 January 2022 at Sokha Hotel Phnom Penh.

The meeting was organized to review tasks and challenges related to anti-money laundering, terrorist and genocide financing, as well as working directions and mechanisms in response to the action plan set out by the Asia/Pacific Joint Group by International Anti-money Laundering Organization (ICRC-JG).

This meeting was attended by the vice president and members of the Anti-money laundering task force, who are high-ranking officials from relevant ministries and institutions.

The minister of justice also assigned roles and responsibilities to the vice president and members of the task force in order to strengthen the implementation of the action plan set out by the ICRC-JG to ensure that Cambodia performed well in the fight against money laundering and the financing of the proliferation of weapons of mass destruction and terrorism.

The anti-money laundering task force was formed on 21 January 2022 to fulfill several tasks such as overseeing the enforcement of the law on the Prevention of Money Laundering and Combating the Financing of Terrorism and the law on Prevention of the Financing of the Proliferation of Weapons of Mass Destruction, under the jurisdiction of the ministry.

The task force will prepare statistics on the investigations, charges, questioning and sentences of those prosecuted under the laws as well as the seizure of properties linked to money laundering crimes. They will also collect and compile the documents and evidence of the crimes.
=FRESH NEWS