Taiwan Indicts 62 Over Laundering $339M From Crypto Scam Compounds in Cambodia

In brief

• Taiwanese prosecutors have indicted 62 over their alleged links to Prince Group, a network accused of operating scam compounds in Cambodia.
• They allege that some $339 million was laundered through Taiwan using shell companies and purchases of luxury goods and real estate.
• Scam compounds have proliferated across Southeast Asia, with Interpol last year designating them as a global threat.