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Jan
14

Pawn shop law in cambodia

By Zukazahn

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The new pawn law, Cash U Up, located at the PGCT Center on St near NagaWorld casino, follows a government proclamation last year allowing pawn shop that meet certain criteria to operate cambodia. He said new government regulations require proof of ownership for many items to ensure they are not stolen, law in shop pawnshops.

Mey Vann, director pawn the financial industry department at the Finance Ministry, said that ministry has granted pawn broking licenses to three companies, but only Cash U Up http://pauwebgodsver.tk/amazon/compressor-nut.php met requirements for operation such as providing a pawn environment for valuables.

The shop must now report to police every week about acquisitions and clients, he said. He said competition from the new shop will hopefully reduce the number of illegal shops that accept stolen goods.

In Channy, president of Acleda Bank, said that regulated pawn shops offer legal protection and more accountability to both the shop and its customers. Independent journalism is under threat in Cambodia. The Cambodia Daily's goal is to produce more independent reporting pawn the news and events that affect the daily lives shop Cambodians. We need your support. Sunday, April law, Steven Lam, director of Cash U Up, said the market for pawning items is big enough.

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That, along with a general discouragement of trading in stolen goods, was the goal when a law was passed back in January of last year demanding that all pawn shops be licensed, the government has said.

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“If they just let district authorities check all the shop's legal documents across Phnom Penh, they cannot do that when they face-off with powerful. The Ministry of Economy and Finance has called on all unregistered pawnshops to apply for an operating license by March 31 or face legal action, according to a​.

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“If they just let district authorities check all the shop's legal documents across Phnom Penh, they cannot do that when they face-off with powerful. The Securities and Exchange Commission of Cambodia is responsible for It is currently preparing the Pawnshop Law, which aims to legalize pawnshop. Phnom Penh, Cambodia. + (0) 23 [email protected] www.​pauwebgodsver.tk VINAYA Law Firm. ABOUT VINAYA. PAWN AND BUSINESS.
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