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1 month ago | 
rfa.org | Jack Adamović Davies
Businesses owned by Prince Group chairman Chen Zhi on the Isle of Man have been raided and two employees arrested as part of what police called “a large-scale international money laundering investigation.”The companies, Ableton Prestige Global Limited and Amiga Entertainment Limited, operate in the island’s online gambling industry. Both featured in a Radio Free Asia report last February, which uncovered evidence they were being used for money laundering.
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1 month ago | 
rfa.org | Jack Adamović Davies |Jane H-C. Tang
The governments of Taiwan and Palau have both been warned that offers of investment from the Cambodian conglomerate Prince Group represent threats to each nation’s security and sovereignty.
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1 month ago | 
rfa.org | Jack Adamović Davies
Huione Pay, the banking arm of what’s been called the world’s “largest ever illicit online marketplace,” has been stripped of its banking license, the National Bank of Cambodia confirmed to RFA this week. The company is part of the wider Huione Group of Cambodia, a conglomerate which operates several “Huione” products, including marketplaces, banking and finance apps.
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Jan 14, 2025 | 
rfa.org | Jack Adamović Davies
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Jan 14, 2025 | 
rfa.org | Jack Adamović Davies
WASHINGTON -- An app from a Cambodian financial firm accused of operating the world’s “largest illicit online marketplace” could be downloaded from Google until today, and is still available on Apple. Huione Guarantee, a Telegram marketplace, has facilitated billions of dollars in transactions since 2021 – much of which has been for illicit services, from money-laundering to the sale of torture devices, according a report issued on Tuesday by London-based cryptocurrency compliance firm Elliptic.
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Jan 9, 2025 | 
rfa.org | Jack Adamović Davies
A digital payments platform owned by a well-connected Cambodian tycoon has featured in a probe by the U.S. Federal Bureau of Investigation into an alleged Ponzi scheme worth half a billion dollars. The F.B.I. says the platform, Connectum,provided banking facilities that allowed accused fraudsters to steal $150 million from unwitting victims, according to search warrant applications recently obtained by RFA.
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Oct 11, 2024 | 
rfa.org | Jack Adamović Davies
An airline that has become the first Cambodian company to attempt to list itself on a U.S. stock exchange has substantial ties to a notorious business conglomerate dogged by allegations of criminality, RFA can reveal. Cambodia Airways, a Phnom Penh-based passenger airline founded in 2017, made its application for an initial public offering, or IPO, on the Nasdaq stock exchange in May.
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Jul 19, 2024 | 
rfa.org | Jack Adamović Davies
ANALYSIS He is the notorious playboy cousin of Cambodia’s prime minister, and has long been viewed as the family’s fixer for all things they would rather not come into public view.
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Apr 17, 2024 | 
rfa.org | Jack Adamović Davies
Kry Masphal landed at Phnom Penh airport late last month to a hero’s welcome. His wife and children, as well as his colleagues and superiors from the Ministry of Agriculture, Forests and Fisheries, or MAFF, thrust a bouquet of flowers in his hand and garlands around his neck. For most of the previous 18 months, the former director of Cambodia’s Department of Wildlife and Biodiversity had been held under house arrest in the U.S., allowed out for just 45 minutes each day to stroll in a nearby park.
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Feb 12, 2024 | 
rfa.org | Jack Adamović Davies
This is the third article in a three-part series on the Prince Group. For Part I of RFA’s investigation, click here. For Part II, click here. Panha has an idea of the horrors that take place within the Golden Fortune Science and Technology Park in Cambodia’s southeastern border town Chrey Thom. He has witnessed what happens to those who try to leave. “When they recapture escaped workers they beat them until they’re barely alive.
