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DPM Sok An Meets APG Delegation…Sok An is the money launderer

AKP Phnom Penh December 21, 2012 – Cambodian Deputy Prime Minister and Minister in charge of the Office of the Council of Ministers H.E. Sok An met here on Dec. 19 with visiting Mr. David Shannon, Principal Executive Officer of Sydney-based Asia-Pacific Group on Money laundering (APG) Secretariat.

During the meeting, Mr. David Shannon told H.E. Sok An of his visit, the purpose of which, he said, is to seek more understanding on Cambodia’s law drafting process on combating money laundering.

In reply, H.E. Sok An laid stress on the Royal Government of Cambodia’s efforts and determination to combating money laundering, saying that Cambodia is fully committed to implement adequate procedures to identify and freeze terrorist assets, establishing and implementing adequate procedures for the confiscation of funds related to money laundering; ensuring a fully operational and effective functioning Financial Intelligence Unit; as well as establishing and implementing effective controls for cross-border cash transactions.

As a member under APG jurisdiction, Cambodia will do its utmost to fight money laundering as well as other related crimes in line with the APG’s principles, said H.E. Sok An.

Mr. David Shannon affirmed that APG will assist Cambodia with regard to the drafting of law on combating money laundering.

The National Bank of Cambodia had signed the action plan with APG in June, 2011, aimed at addressing the issue.

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