Logo of Phnom Penh Post newspaper Phnom Penh Post - Chinese arrested for entering with $855K

Chinese arrested for entering with $855K

Content image - Phnom Penh Post
A Chinese man was arrested after he was found entering Cambodia with $855,000. Police

Chinese arrested for entering with $855K

A Chinese welder, 48, who is suspected of attempting to launder money was arrested by Phnom Penh municipal authorities on Wednesday night after he was found entering Cambodia with $855,000.

The Chinese national was detained at Phnom Penh International Airport after he was found attempting to smuggle the cash into Cambodia from Hong Kong.

General Department of Immigration spokesman Keo Vanthorn told The Post on Thursday that the man would appear in court on Friday. Authorities were investigating further to find others involved, he added.

“We are gathering a case to present to the court. Because the suspect could not clearly specify the source of the cash and how he intended to use it in Cambodia, we charged him with suspected money laundering,” Vanthorn said.

The suspect was found with $855,000 in 72 wads of notes, a Chinese passport, a mobile phone and two backpacks.

Article 3 of the Law on Anti-Money Laundering and Financing of Terrorism defines money laundering as “the conversion or transfer of property, knowing that such property is the proceeds of offence, for the purpose of concealing or disguising the illicit origin of the property or of helping any person who is involved in the commission of the offence to evade the legal consequences of his or her action”.

It carries a prison sentence of between six days and one year, and a fine ranging from 100,000 to five million riel ($25-$1,250).

Second time in over a month

On April 23, the Immigration and General Department of Customs and Excise officials at Phnom Penh International airport arrested three Chinese nationals for attempting to bring $3,520,000 into the Kingdom from Hong Kong without being able to identify its source.

Preap Kol, the executive director of Transparency International Cambodia, told The Post on Thursday that as this was the second time in just over a month that suspected money launderers had been arrested at Phnom Penh airport, it was a worrying sign that the Kingdom was becoming a major destination for the laundering of money, particularly from China.

He said authorities must take measures to combat the problem.

“The authorities must tighten the supervision of land borders, seaports and airports where visitors arrive, especially from China,” Kol said.

MOST VIEWED

  • Ministry requests school opening

    The Ministry of Education, Youth and Sport on Thursday said it would request a decision from Prime Minister Hun Sen to allow a small number of schools to reopen next month. Ministry spokesman Ros Soveacha said if the request is granted, higher-standard schools will reopen

  • Kingdom eyes India FTA, China deal set for August

    Cambodia is studying the possibility of establishing a bilateral free trade agreement (FTA) with India to open a new market with the second-largest regional economy. This comes as an FTA with China is scheduled to be signed next month while similar negotiations with South Korea

  • Judge lands in court after crashing into alleged thief

    Sen Sok district police on Thursday sent a Koh Kong Provincial Court judge to the Phnom Penh Municipal Court on manslaughter charges after he crashed his car into a woman riding a motorbike on Wednesday, killing her. District police chief Hour Meng Vang told The

  • Preah Vihear court drops charges against villagers

    The Preah Vihear Provincial Court has dropped all charges against eight ethnic Kuoy villagers who were in a land dispute with the Hengfu Group Sugar Industry Co Ltd since 2014. Wednesday’s decision was made by the judge who tried the case on June 10. The eight

  • Gov’t to boost Siem Reap tourism

    The Ministry of Tourism released the results of an inter-ministerial committee meeting concerning Siem Reap province’s Tourism Development Master Plan for 2020-2035 on Wednesday, revealing the government’s plan to improve the overall tourist landscape there. The meeting was attended by Minister of Tourism

  • Residents ordered to remove structures on Phnom Penh’s canal

    Phnom Penh municipal governor Khuong Sreng has ordered authorities to act against the perpetrators who built houses along the Luo 5 canal in Meanchey district. The municipal administration plans to create a committee to solve the matter. The order was given on Wednesday while Sreng led

  • ‘On the offensive’: Cambodia to load up on loans to stimulate economy

    As the dust settles on the economy, Cambodia comes to grips with what needs to be done to turn the economy around, starting with a big shopping list for credit ‘We are going on the offensive,” Vongsey Vissoth, Ministry of Economy and Finance permanent secretary

  • Eighty replacement peacekeepers set for Mali mission despite Covid

    Eighty Cambodian blue helmet soldiers who completed the peacekeeping mission under the UN umbrella in Mali will return to Cambodia on Friday, said the Centre for Peacekeeping Forces spokeswoman Kosal Malida. “To protect their families and communities from the Covid-19 pandemic, the 80 are required to

  • Government set to make up for cancelled April holiday

    The government is set to make up for a five-day Khmer New Year holiday late this month or early next month. The holiday was earlier cancelled due to the onset of Covid-19. The announcement is expected on Friday as the government is studying a range

  • Families told to register for cash handouts

    The government has called on poor families to apply to commune authorities for evaluation to receive financial support during the Covid-19 crisis. A $300 million budget has been planned for implementation within a year. Ministry of Economy and Finance secretary of state Vongsey Visoth said this