» 01/27/2018, 01.28
CAMBODIA – CHINA
Governor warns that Chinese investments bring organised crime and instability
A steady flow of capital has led to a boom in Sihanoukville with new hotels, casinos and housing. Although the authorities have tried to allay fears and concerns, Cambodia is ranked ninth out of 146 in terms of risk on the money-laundering index.
11/01/2018 14:15:00 CAMBODIA-CHINA
New economic agreements with Beijing: Phnom Penh increasingly distant from the West
The two countries are linked by a solid political, economic and military understanding. China provides loans for the construction of an airport and a motorway. Bilateral trade between the two countries will reach $ 6 billion by 2020.
Pope: new laws for transparency, honesty and accountability in financial matters
Benedict XVI enacts norms by which all institutions connected with the government of the Catholic Church and the State of Vatican City, are inserted, in a spirit of sincere collaboration, within a system of principles and legal instruments that the international community is building to fight illegal activities such as money-laundering and terrorist financing.
Nepal risks ruin because of Maoist opposition to international financial rules
The ruling party blocks proposed rules on money-laundering and terrorism that are binding on UN member states in order to prevent Maoist leaders from going on trial. The country could be blacklisted, unable to sell government bonds or attract foreign investment.
Vatican “significantly stregthens” measures against money laundering and financial crimes
Financial Intelligence Authority presents annual report. "Notable uptake in suspicious transaction reports (STR) from 6 in 2012 to 202 in 2013". In the first quarter of 2014, the AIF has conducted the first routine inspection in situ of the Institute for Works of Religion ( IOR) .
China loses US$ 1.25 trillion to tax evasion and corruption
According to a report by Global Financial Integrity, illicit outflows from the mainland grew exponentially over a ten-year period. Tax evasion and corruption are the main reason. This makes China the biggest loser among 151 developing nations.
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