In accordance with Royal Kram No. NS/RKM/1120/031 that enacted the Law on Gambling Management on November 14, 2020, Cambodia is making greater efforts to combat internet scams within its casino business. The Commission on Duties to Combat Scammed Online has partnered with the General Secretariat of the Commercial Gambling Management Commission of Cambodia ("CGMC") to closely monitor gambling activities in Sihanoukville, in line with an earlier instruction that emphasizes the management of gambling businesses within Cambodia. In an effort to improve supervision, the CGMC released a new directive requiring casino owners and operators to closely follow the terms of their licenses, work with law enforcement to track down and report online fraud and gaming, and make sure that all current rules are followed.
Failure to comply may lead to significant consequences, such as the revocation of one's license. The CGMC highlights the significance of these rules, asking operators to thoroughly execute the steps in order to effectively prevent and reduce online scams.
Advance Grand Formula Co., Ltd is licensed audit firm from Accounting and Auditing Regulator (ACAR Decision N0. 014), member audit firm of Kampuchea Institute of Certified Public Accountants and Auditors (license number C-00085) and tax agent from General Department of Taxation (license number TA202204002).
This Publication is intended for general guidance only and should not form the basic of specific decisions.
Should you need any further information or support, please contact us at: accounting@advancegroupkh.com (accounting), audit@advancegroupkh.com (audit), tax@advancegroupkh.com (tax) and number and telegram 085 36 8888 and 070 399 888.
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