Cambodian marketplace linked to scams and money laundering

ABC News July 26, 2024, 09:00 PM UTC

Summary: Cambodian online marketplace Huione Guarantee, linked to the ruling family, is reportedly facilitating money laundering and selling "detention equipment" for scammers, targeting victims globally, including Australians. A UK report revealed over $11 billion in cryptocurrency transactions since 2021, with many listings aimed at cyber scam operators. Following the report, law enforcement froze $29.62 million in cryptocurrency linked to fraudulent activities.

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