The Office of Foreign Assets Control (OFAC) has issued an advisory notice asking business operating in or with Cambodia to be mindful of interactions with entities and sectors potentially involved in human rights abuses, criminal activities, and corrupt business practices. In addition OFAC has sanctioned two Cambodian government officials for their roles in corruption in Cambodia.  FIs should take the time to read the notice and ensure they apply appropriate due diligence on potential and existing clients and apply updates to sanctions lists to screening tools and procedures.

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