Cambodia’s parliment passes law targeting online scam compounds
Summary
Cambodia’s parliament has unanimously approved the Law on Anti-Technology Fraud, the country’s first legislation specifically addressing the growing problem of online scams. The law introduces five new offenses, including cybercrime, directing scams, recruiting scammers, data collection, and money laundering, with penalties ranging from two to twenty years in prison and fines up to $250,000. This legislation is particularly significant given the Cambodian government’s previous downplaying of the existence of scam compounds in the country, which have become a major hub for cybercrime in Southeast Asia. Recent sanctions by Britain against operators of large fraud complexes highlight the international attention on this issue. The law awaits final signature from King Norodom Sihamoni.
(Source:The Block)