Featured Cambodia

UK adds Pakistan to 21 high-risk states list

The UK government has added Pakistan to the list of undesirable 21 high-risk countries with unsatisfactory money laundering and terrorist financing controls. This list of 21 countries — released by the UK Government — replicates the list of countries named by the Financial Action Task Force (FATF) as high-risk or… Read More

Cambodian Elite Park Millions in Australia

For decades, Cambodians fleeing successive autocratic governments have found sanctuary in Australia. But over the last five years, some of the current regime’s closest allies have begun to follow its victims to the Land Down Under, taking with them the vast wealth that flows to those with proximity to power… Read More

U.S. Sanctions Convict Who Invested in China-Backed Projects for Corruption

The Trump administration, using its anticorruption powers, sanctioned three men including a convicted Chinese gangster who has set up businesses seeking to benefit from Beijing’s flagship transcontinental infrastructure-building program. Wednesday’s action against Wan Kuok Koi, also widely known as “Broken Tooth,” comes as the administration escalates a pressure campaign against… Read More
6th November 2020
Chuang Chou-wen (莊周文), a billionaire chairman of a financial holding headquartered in Taichung, Taiwan, has been arrested for his alleged connection to illegal gambling and money-laundering, and as of Wednesday (Nov. 4), he was being held in Changhua, Taiwan. Chuang, the chairman of Xin Li Wang Intl. Holding Group (新力旺國際控股集團),… Read More
30th October 2020
Criminals are using real estate transactions to launder dirty money in the Philippines, a top official of the Anti-Money Laundering Council revealed. AMLC Executive Director Atty. Mel Racela confirmed this during a Senate hearing on Wednesday after lawmakers asked him why real estate developers and brokers should report cash transactions… Read More
28th October 2020
Southeast Asian countries are lagging behind in the adoption of registries with information on companies’ true owners, a tool deemed crucial to fight corruption, money laundering and terrorism financing, according to a report by the United Nations Office on Drugs and Crime. “While transparency in the banking sector is… Read More
23rd September 2020
By Spencer Woodman, ICIJ, 22 September 2020 ICIJ — They pulled ancient Buddha heads out of the ground in war-torn Afghanistan and stole idols from temples in India. They cracked open shrines in Nepal, and in Cambodia bought an 11th-century statue of the Hindu god Shiva on the black… Read More
17th September 2020
The U.S. Treasury on Tuesday imposed sanctions on China’s Union Development Group, the company behind the controversial Dara Sakor tourism development on Cambodia’s coast. The Treasury’s stated reason was that UDG intimidated and evicted families from their homes on the company’s 45,000 hectare concession to make way for the development… Read More
12th August 2020
A parliamentary intelligence committee recently highlighted how President Vladimir Putin’s Russia wields malign influence inside the United Kingdom – and not just through disinformation and deadly spy-craft. The committee’s report also examined how Putin’s agents and allies – and crucially, their money – have infiltrated the business, social and political… Read More
24th July 2020
Ngeth Both guards one of the many newly built high-rise condominiums in Koh Pich, a luxury district in the Cambodian capital Phnom Penh. Both’s job is quiet most days. There is almost no traffic in the street, and there is hardly anyone living inside the condo. “It’s always quiet. Each… Read More
16th June 2020
Dozens of scantily dressed Filipina croupiers stand in booths shuffling cards in front of a webcam, their faces softly illuminated by professional lighting. Nearby, rows of Chinese nationals sit at desks chatting on cellphones with potential clients back in China. This is what a typical POGO — or a Philippine… Read More
18th May 2020
The draft law on anti-money laundering and combating the financing of terrorism (AML/CFT) has been approved at a Council of Ministers meeting chaired by Prime Minister Hun Sen. The law is designed to guarantee against AML/CFT by identifying measures to prevent it, crack down on it and combat such activities… Read More
15th May 2020
Three men were arrested on Thursday over the laundering of HK$54 million (US$7 million) that police said was conned out of 15 Hongkongers, including a 76-year-old woman who lost HK$25 million. The alleged members of a money-laundering syndicate in Hong Kong held bank accounts that were used since December to… Read More