Cambodia: Cambodian govt approves draft laws against money laundering, WMD financing

The Cambodian government on Sunday (May 17) approved two draft laws on anti-money laundering (AML) and counter-terrorist financing (CFT) and on combating the financing of weapons of mass destruction (WMD) proliferation, government spokesman Phay Siphan told Xinhua.

The approval was made during a weekly Cabinet meeting, which was presided over by Prime Minister Samdech Techo Hun Sen, he said.

“This draft bill on AML and CFT is designed to combat money laundering and terrorist financing, and it states measures to control, prevent, suppress and eliminate money laundering and terrorist financing,” he said.

The draft law on combating the financing of WMD proliferation aimed to control on providing funds and services, such as financing, related to the export and trans-shipment of items that would contribute to the proliferation of weapons of mass destruction, he added.

The full original article can be found at thestar.com.my

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