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Law on Anti-money Laundering and Combating the Financing of Terrorism (2007)

The law contains 7 Chapters and 33 Articles.

“Article 1.- Purpose

The present Law has the purpose to set up measures against money laundering and financing of terrorism as well as the organization and the control of those measures enforcement.

Article 2.- Scope of Application

The present Law and other regulations set forth for it implementation are to be used for the prevention and the control of money laundering and financing of terrorism.

Article 3.- Definitions

For the purposes of the present law, the term:
(a) “Money laundering” shall mean:
(i) The conversion or transfer of property, knowing that such property is the proceeds of offence, for the purpose of concealing or disguising the illicit origin of the property or of helping any person who is involved in the
commission of the offence to evade the legal consequences of his or her action;
(ii) The concealment or disguise of the true nature, source, location, disposition, movement or ownership of or rights with respect to property, knowing that such property is the proceeds of offence;
(iii) The acquisition, possession or use of property, knowing that such property is the proceeds of offence;
(iv) Participation in, and attempts to commit, aiding and forcing somebody to commit any of the acts defined in accordance with Article 3 of the present Law.”

Cambodia-Law on Anti-Money Laundering and Combating the Financing of Terrorism-2007-eng

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