Cambodia Confirms 18 Casino Licence Revocations Amid Prince Group Fraud Investigation

Cambodian authorities have confirmed the revocation of 18 casino licences during an ongoing crackdown on alleged online fraud networks linked to Prince Group and other organisations. More than $300 million in bank assets have also been frozen.

Cambodia has intensified its campaign against alleged transnational online fraud networks, confirming extensive enforcement measures involving casino operators, financial institutions and international law enforcement agencies.

During a November 6 briefing attended by foreign diplomats and representatives of international organisations, Senior Minister Chhay Sinarith reported that authorities had revoked 18 casino licences linked to suspected criminal activities.

The affected businesses were associated with networks under investigation, including Prince Group. Authorities had previously reported the 18 revocations in September, making the November announcement an update on the broader enforcement campaign rather than 18 newly cancelled licences.

Investigators have also frozen more than $300 million in bank accounts and identified additional movable and immovable assets potentially connected to the suspected schemes.

Cambodia is cooperating with international agencies, including the FBI and Interpol, to trace financial transactions, identify suspected organisers and investigate cross-border criminal networks.

The crackdown targets alleged misuse of casino businesses and other commercial structures to facilitate online scams and conceal financial proceeds.

Officials have emphasised that investigations into company ownership, financial relationships and possible criminal responsibility are continuing. Allegations involving particular businesses or individuals do not themselves establish criminal guilt.

The measures reflect increasing scrutiny of Cambodia's casino industry and its exposure to money-laundering and fraud risks.

For licensed operators, investors and payment providers, the developments reinforce the importance of verifying business partners, beneficial ownership and the sources of funds. Further investigations may lead to additional regulatory action and asset-recovery proceedings.