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A recent investigation has uncovered a vast ecosystem of unregulated payment providers facilitating online scams, particularly focusing on a Cambodian company, Huoine, which is linked to extensive money laundering activities. The report highlights how scam call centers utilize shadowy service providers, including shell companies and proxy account holders, to transfer victims' funds through accounts at major commercial banks. This investigation, conducted by Selam Gebrekidan and Joy Dong, reveals the ruthless efficiency with which these scammers operate, contributing to Cambodia's reputation as a hub for cybercrime. The findings indicate that the scale of this illicit industry has pushed Cambodia beyond a tipping point regarding its scam economy.
🇺🇸 Online Scammers Launder Money With Ruthless Efficiency ▫Documents and insiders reveal how one of the world’s major money laundering networks operates ▫Selam Gebrekidan & Joy Dong ▫https://t.co/HtrgK3nIyf #frontpagestoday #USA @nytimes https://t.co/ucEeAWfYdw
Cambodia, the cybercrime paradise of Internet. How Huoine, Cambodian government backed company, become one of the largest money laundering in the world. The sheer size of the industry has pushed Cambodia "beyond a tipping point insofar as the scam economy has already https://t.co/EsbcruRuay
How Scammers Launder Money and Get Away With It - searing investigation into a major Cambodian company at the heart of this. By @selamgkidan and @JoyDongHK https://t.co/brhMBdi1yk
