The Trust Regulator issue the guideline No. 006 26 N.B T K N N. on April 27 2026 for the implementation of Know Your Client in the Trust Sector. The guideline establishes technical measures for customer due diligence in Cambodia’s trust sector. It requires trustees and management companies to identify, verify, and update customer information, including the identity of individuals, legal entities, beneficial parties, source of funds, asset ownership, asset location, and transaction purpose.
A key requirement is the application of a risk-based approach, under which customers and transactions must be classified as low, medium, or high risk. Higher-risk customers require enhanced due diligence, additional documentation, senior management approval, and continuous monitoring. The guideline also emphasizes the need to review significant or unusual transactions, especially large cash deposits, withdrawals, asset transfers, or changes in pension contributors or beneficiaries.
The guideline further requires management companies to assess customer knowledge and experience before providing services. For inexperienced customers, firms must provide sufficient information, advice, and explanation of rights, obligations, risks, benefits, and applicable legal requirements. Existing customer records must also be reviewed and updated regularly, while supporting documents must be retained in both hard and soft copy for at least ten years.
Overall, these measures strengthen transparency, regulatory compliance, and investor protection within the trust sector. Check out the guideline here, Guideline No. 006 26 N.B T K N N. on April 27 2026, in detail.
