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Complete Story
12/05/2025
Credit Card Fraud - Be Aware
NY Times
The Cambodian National Bank announced on Wednesday that it had shut down a notorious hub that was used to launder billions of dollars from criminals, scammers and fraudsters, including hackers in South Korea and Southeast Asia.
Huione Group, an established payment service provider with several companies based in Cambodia, is believed to be responsible for laundering more than $4 billion in illicit profits since August 2021, according to the U.S. Treasury Department.
A New York Times investigation published in March found that Huione’s group of companies were at the heart of a global money laundering network. Online scammers who defraud victims with bogus investments or other schemes relied on Huione and its affiliates to move money overseas while evading law enforcement authorities and banks’ anti-laundering departments.
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