Malayan Banking Bhd (Maybank) which opened its third branch in Phnom Penh early this year, it started opening its first provincial branch in Siem Reap province. That is the fourth branch operating since Maybank set up its branch in Cambodia in 1993. Chou Teong Boon, branch manager, was quoted by the Phnom Penh Post as [...]
Bankers said on Tuesday that all Cambodian banks issue the standardization of check format, customers will have several months to exchange their old checkbooks for the new standardized books, reported the Cambodia Daily. The new checks, which are a standard size, paper-type and share the same coding system, will eventually allow the National Bank of [...]
The global financial crisis did not affect strongly the local commercial banks in Cambodia because most of banks don’t depend on foreign source of finance, and loans from other foreign banks and also don’t buy stocks in the international market. At the mean time, Cambodia has not yet created stock exchange. As Cambodia’s banking sector [...]
Money laundering happens in almost every country in the world, and a single scheme typically involves transferring money through several countries in order to obscure its origins. In practice, criminals are trying to disguise the origin of money obtained through illegal activities so it looks like it was obtained from legal sources. The most money [...]