Cointelegraph Japan reports: The Cambodian National Assembly has unanimously passed a new law to crack down on cyber scams, targeting large-scale scam compound operators who use crypto assets; the maximum penalty is life imprisonment. At present, the bill is still pending review by the Senate and final approval by King Norodom Sihamoni. Under the bill, the masterminds of scam syndicates will face 15 to 30 years in prison; if death results, they may face life imprisonment. Organizers may face up to 20 years in prison and a hefty fine, while participants may also face 2 to 5 years in prison and up to a fine of $125,000. Analysis indicates that in recent years, crypto scams such as “pig butchering” have rapidly spread in Southeast Asia. Relying on crypto assets enables cross-border transfers and money laundering; the amount involved each year reaches several tens of billions of dollars. Such crackdown actions may lead to more cases where scam activities are “transferred rather than disappearing.” The key is whether, in parallel, corruption-protection, money-laundering networks, and cross-border fund transfer systems are also targeted.
カンボジア、暗号詐欺取り締まり強化法案を推進、最高懲役は終身刑
Cointelegraph Japan reports: The Cambodian National Assembly has unanimously passed a new law to crack down on cyber scams, targeting large-scale scam compound operators who use crypto assets; the maximum penalty is life imprisonment. At present, the bill is still pending review by the Senate and final approval by King Norodom Sihamoni. Under the bill, the masterminds of scam syndicates will face 15 to 30 years in prison; if death results, they may face life imprisonment. Organizers may face up to 20 years in prison and a hefty fine, while participants may also face 2 to 5 years in prison and up to a fine of $125,000. Analysis indicates that in recent years, crypto scams such as “pig butchering” have rapidly spread in Southeast Asia. Relying on crypto assets enables cross-border transfers and money laundering; the amount involved each year reaches several tens of billions of dollars. Such crackdown actions may lead to more cases where scam activities are “transferred rather than disappearing.” The key is whether, in parallel, corruption-protection, money-laundering networks, and cross-border fund transfer systems are also targeted.