TechFlow News, April 4: According to Finance Feeds, Cambodia’s National Assembly recently passed a new law unanimously with all 58 votes, formally criminalizing the operation of fraud call centers. Under the law, offenders face prison sentences of two to five years and fines of up to $125,000; penalties double if the offense involves organized crime or multiple victims. The law is currently pending royal assent before entering into force. Against this legislative backdrop, the United Kingdom has imposed sanctions on operators of fraud networks in Cambodia, and Cambodian authorities have extradited an alleged crime syndicate leader to China. Analysts note that while the law marks a significant step forward for Cambodia in combating cryptocurrency-related fraud, its ultimate effectiveness hinges on the actual implementation of enforcement capabilities.
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