Cambodia passes decree on freezing assets of terrorists, relevant organizations

The Cambodian government on Friday approved a sub-decree on freezing the assets of terrorists and terrorist-related organizations, with an aim of intensifying the country's efforts in combating against terrorism. The approval was made during a weekly Cabinet meeting, which was chaired by Prime Minister Hun Sen, said a press statement released after the meeting. The draft of the sub-decree on freezing the assets of terrorists and terrorist-related organizations consisted of five chapters with 17 articles, the statement said. "The sub-decree is made in compliance with the United Nations Security Council regulations," it said. It added that the Cambodian government has paid high attention to combating against money laundering and terrorism financing by making law and regulations and enforcing mechanism for law implementation. The country became a member of the Asia/Pacific Group on Money Laundering in June 2004 and has actively joined the international community in combating against money laundering and terrorism financing, the statement said. In 2007, the country promulgated a law on anti-money laundering and anti-terrorism financing.