"For years, the country has been cited in reports and investigations as a destination where illicit operations intersect with legitimate-looking businesses. Casinos, hotel complexes, and large real estate developments have repeatedly appeared in discussions about how criminal networks embed themselves within formal economic structures. Recent actions by the United States government have intensified that focus, suggesting a growing willingness to confront these networks at a global level."
"Washington's decision to impose sanctions on financial and corporate entities connected to Cambodia's casino sector, including Huione and the Prince Group, has once again highlighted the mechanics of so-called "pig butchering" scams. Human rights organisations and investigative journalists have linked many of these operations to forced labour and human trafficking."
Southeast Asia's geopolitical and economic shifts coincide with concerns over Cambodia's role in cross-border cybercrime, human trafficking, and large-scale digital fraud. The country's casinos, hotels, and real estate projects have provided cover for criminal networks to embed illicit operations within legitimate businesses. The U.S. imposed sanctions on financial and corporate entities tied to the casino sector, including Huione and the Prince Group. 'Pig butchering' scams employ prolonged online engagement framed as romance or investment to defraud victims. Investigations and rights groups report forced labour and trafficking, with victims confined in secured compounds and compelled to commit cyber fraud.
Read at Business Matters
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