By Khmerization
Source: DAP News
A Cambodian official rejected outright the U.S State Department report which said Cambodia is a popular and a safe haven for international money laundering, reports Deum Ampil.
Mr. Phay Siphan (pictured), spokesman for the Council of Ministers, said the reports were wrong and did not reflect the truth in today's Cambodia. He said money laundering is an international problem and it is wrong for the U.S to attack only Cambodia through such report. "The attack (on Cambodia) is not a solution because money laundering is an international issue. So, the attack on Cambodia is not fair at all", he said.
Source: DAP News
A Cambodian official rejected outright the U.S State Department report which said Cambodia is a popular and a safe haven for international money laundering, reports Deum Ampil.
Mr. Phay Siphan (pictured), spokesman for the Council of Ministers, said the reports were wrong and did not reflect the truth in today's Cambodia. He said money laundering is an international problem and it is wrong for the U.S to attack only Cambodia through such report. "The attack (on Cambodia) is not a solution because money laundering is an international issue. So, the attack on Cambodia is not fair at all", he said.
A U.S State Department report said Cambodia has become a major country of concern for money laundering. The report stressed that money laundering happened through human trafficking, drug trafficking and through corruption.
Phan Ho, secretary general of government’s independent financial intelligence unit, acknowledged cases of money laundering, but he said most of the money came from outside the country. “So money laundering mostly comes from outside. The money laundering in our country derived from criminal acts is very small”, he said.
Khieu Sopheak, a spokesman for the Ministry of Interior, said the US report had “no evidence” saying that "the report only aims to destroy Cambodia’s reputation.”
3 comments:
That doesn't suprise me about money laundering in Cambodia; Drug trafficking, corruptions and on and on. All uneducated big shot official in Cambodia are drug trafficking and corruption PERIOD. They have big villa, driving lexus & mercedes. Where is the money come from???? Drug and Money Laundering and corruption that where it come from.
We live a good life in the United States, we work 40hrs a week, barely have enough time stay home in the weekend to clean your cloths, enjoying with your family especially your kids at home. We made enough just to survive and can't barely enough to afford Honda Civic.
In recent years there a lots of money pouring into Cambodia, where is it come from? LAUNDERING. This fucking Phay Siphan by looking at his face he's a total drug user and money laundering official. Why? just look at his face for the last two years see how much his skin change....now that a pure addict user.
The U.S is right I knew couples years agos that Money Laundering will appear Headlines in Cambodia....well, there it is. Any of the official in Cambodia get a piece of the money, none of the international community can say anything.
My friends seating right here with me just tap on my shoulder and he's said "you're right on the mark" about money laundering in Cambodia.
How can US destroy Cambodia's reputation since she got no reputation left to be destroyed anyway? Corrupt officials themselves make Cambodia lose her face decades ago. Nobody denies that the Ministry of Interior is one of the most lucrative joints to make quick bucks, that's why many a graduate is dying to buy a position/title to work at MOI.I dare them to swear an oath to prove their personal and professional integrity.And I bet they started money laundering the moment they were sworn into office. I beg them to face up to the fact that they live mainly on money laundering, bribery, and corruption instead of fooling themselves as well as others by this kind of cowardice.
Money laundering happened and it happened in a grand scale. Most of the mega-rich like Mong Retthy, Sok Kong , Yeay Phu and others have some incomes that are very secretive and suspicious. Mong Retthy's acacia farms are probably used as a front for growing opium and marijuana. Many government officials become rich through corruption and drug enforcement officers are themselves running/trafficking drug themselves. To clean their money, they have to deposit them in the banks because banks in Cambodia are very lax in the way they operate and some are run by criminals.
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