PANews reported on April 3 that, according to Reuters, the Cambodian National Assembly passed its first law specifically targeting cybercrime centers, aiming to coordinate with a nationwide "clean-up operation" to prevent the resurgence of fraud rings. The new law stipulates imprisonment of 2 to 5 years and fines of up to US$ 125,000 for those involved in online fraud. For organized crimes or those involving a large number of victims, the maximum sentence can be 10 years and fines up to US$ 250,000 . The law also explicitly sets penalties for money laundering, collecting victim data, and recruiting fraudsters. Previously, Cambodia primarily handled related cases under charges of labor exploitation, aggravated fraud, and money laundering. This legislation is seen as the latest measure under international pressure on fraud rings in Southeast Asia and complements recent arrests of high-ranking figures involved and extradition attempts to China.
Cambodia has passed its first law specifically targeting online fraud, with a maximum penalty of 10 years imprisonment.
Share to:
Author: PA一线
This content is for market information only and is not investment advice.
Follow PANews official accounts, navigate bull and bear markets together
Recommended Reading
PANews App
24/7 blockchain news tracking and in-depth analysis.

