Cambodia revokes 18 Prince-linked casino licences in scam crackdown
· Security · Cambodia
Cambodian authorities revoked 18 casino licences linked to the Prince group as a crackdown on scam operations rolls on, and reported freezing more than $300 million in bank accounts. The move follows US sanctions on Cambodia's Prince Group and Canadian firms over Iran transactions. Cambodia has faced international pressure to dismantle scam centres that have trafficked workers and defrauded victims worldwide. The licence revocations and asset freezes are among the most concrete enforcement actions taken against the network so far.
Why it matters:Cambodia's crackdown tests whether Southeast Asian governments can dismantle transnational scam networks that have defrauded victims worldwide.
Key points
- Cambodia revoked 18 casino licences linked to the Prince group.
- Authorities froze more than $300 million in bank accounts.
- The US has sanctioned the Prince Group.
Sources (original reporting)
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