Cambodia committed more than a year ago to ratifying the 1988 UN Convention, and taking other actions.
Banking laws remain virtually non-existent in Cambodia.
Banks are not required to report suspicious transactions or otherwise provide information to investigators. Cote D'Ivoire . Cote D'Ivoire is an important financial center in West Africa. To the extent money laundering occurs, a significant portion is related to narcotics proceeds, and involves the banking system. Illicit activities are primarily related to heroin and cocaine, and money laundering proceeds are typically foreign owned, rather than owned by local trafficking organizations.