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[Exclusive] Gambodia’s ‘Banc Run Crisis’ breaks out. What about money for criminal organizations?
Should I leave it to you?”
Reporter Ahn Gap-seong
Entered 2025,10,17, PM 2*59 ‘ Modified 2025.10.17. Oru 3.24
Original text of article
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Prince Bank’s parent company designated as a criminal organization
Withdrawal crisis as new credit plummets due to international sanctions
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A view of Gambodia Prince Bank. Photo = AFP
Prince Bank, one of Gambodia’s major banks, suffered a large-scale deposit withdrawal (banc run) on the 17th. Inon
The parent company, Prince Holdang Group (hereinafter referred to as Prince Group), has been designated as a ‘transnational criminal organization’ by the US and UK governments.
and is analyzed as a direct sequel to the sudden indictment of the head of the company. There is growing anxiety about the local Geumum system.
As the mountain collapses, Gambodia’s Geumum authorities are also on high alert.
‘ginur
https://n.news.naver.com/mnews/article/009/0005574641
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Korean government and citizens
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This bank run is the aftermath of the ultra-strong sanctions imposed by the U.S. Department of Justice, Treasury, and the British government against Prince Group and its chairman Chen Zhi on the 14th (local time). The U.S. Department of Justice announced that it had indicted Chairman Chen Zhi on charges of online investment fraud (pig slaughter scam), forced labor, and money laundering, and had confiscated Bitcoin worth approximately $15 billion (approximately 20.5 trillion won) in connection with this. This is the largest asset forfeiture in the history of the U.S. Department of Justice.
The U.S. Treasury Department officially designated Prince Group as a “transnational criminal organization” and placed 146 individuals and entities related to the group on its sanctions list. The British government also took joint sanctions, including freezing assets in the UK owned by Chairman Chenz.
Customers waiting in line to make deposits at the Prince Bank of Cambodia counter. [Video = Provided by reader]
Prince Group is a large conglomerate that has exerted enormous influence on the Cambodian economy by engaging in various businesses including real estate, finance, and leisure. However, behind the scenes, it was revealed that the company was running an illegal online fraud center in Southeast Asia, stealing billions of dollars from countless victims around the world, and committing crimes against humanity, including using workers imprisoned through human trafficking to commit fraud.
When the shocking truth about the parent company was revealed, the trust of its subsidiary, Prince Bank, plummeted overnight. It is interpreted that depositors are scrambling to secure cash out of anxiety that their deposits may be frozen or suffer losses due to being intertwined with the proceeds of crime.
———
Even now
The Cambodian government
About crime in your country
must be severely punished
Well, really.
What are you doing now?
Things aren’t going away so far.
Everyone is self-employed.
This can only be seen as the result of Cambodia neglecting to make its citizens aware of crime.