HOW INTERNATIONAL MONEY LAUNDERING WORKS!

Every few weeks, fireworks light up the night sky in Cambodia, set off by scammers to salute their biggest swindles.

By the time the shells pop and crackle, somebody’s life savings are probably gone. Maybe the victim fell for an online romance scam or bought into a fake cryptocurrency exchange. Whatever the scheme, the money has vanished, sucked into a complex money-laundering network that moves billions of dollars at a dizzying speed.

The F.B.I., China’s Ministry of Public Security, Interpol and others have tried to combat scammers, who ​often lurk on social media and dating apps, luring people into bogus financial schemes or other ruses. Telecom companies have blocked numbers. Banks have issued repeated warnings.

Yet the industry persists because its money-laundering operation is so efficient. Unsuspecting victims worldwide lose tens of billions of dollars each year, money that must be scrubbed of its criminal origins and deposited into the legitimate economy. The money-laundering system is so hydra-headed that when governments strike it in one place, it pops up in another.

This underworld peeks out in the Cambodian capital, Phnom Penh, home to a global clearinghouse for money launderers. It can be glimpsed, too, in the coastal city of Sihanoukville, a notorious refuge for fraudsters. Scammers ply their trade from call centers, operating in fortified compounds or on the upper floors of unfinished high-rises. Seaside restaurants are packed with money launderers and other criminals doing business over spicy Chinese food.

Image

Outside the Golden Sun Sky Casino & Hotel in Sihanoukville, Cambodia, in March. Documents show that the British and American authorities have linked this casino to online scammers and human trafficking.

We obtained a cache of documents, a kind of money-laundering handbook, and spoke to nearly a half-dozen scammers and their launderers. The documents are not linked to any one scam or victim but reveal a method for moving illicit money that has proved all but impossible to stop.

The map locates the Cambodian capital city of Phnom Penh, in south-central Cambodia, as well as the southern coastal city of Sihanoukville.

By The New York Times

The money launderers are as vital to criminals as getaway drivers are to bank robbers. Without them, there would be no loot.

Once scammers persuade strangers to part with their savings, they need to quickly move money from one account to another, and one country to another, before ​their targets discover the ruse and alert their banks​ or the police.

In the end, the money arrives “clean” — with virtually no trace to the original scam.

So how does it get done?

Following the trail led us, surprisingly, to an established financial conglomerate in Cambodia called Huione Group.

This is not a back-alley shop with a side hustle in cleaning dirty money. Huione is an established firm that does brisk and legitimate business in Southeast Asia and has satellite companies in other parts of the world. Its QR codes are everywhere in Cambodia — customers use them to pay their bills in hotels, restaurants and supermarkets. Huione ads are plastered along major highways. Its suite of financial services include banking and insurance.

But Huione (pronounced Hu-WAY-wahn) is a constellation of affiliates, and not all of them are legitimate. One arm offers bespoke money laundering services, according to the documents, which come from the company, and interviews with two people who are directly familiar with the operation. They spoke on the condition of anonymity out of fear for their safety. The company did not respond to requests for comment.

Another affiliate openly runs an online bazaar for criminals to find money launderers. The precise size of this marketplace is practically impossible to measure, but the analytics firm Elliptic has linked it to $26.8 billion in cryptocurrency transactions since 2021. The industry is so opaque that it is difficult to separate legitimate transactions from illegal ones, but Elliptic says the bazaar is the world’s largest illicit internet market.

Hun To, a cousin of Cambodia’s prime minister, is a director of one Huione company.

Huione’s clients include large criminal enterprises, such as a group in Myanmar that exploits human trafficking victims, according to a scammer, a money launderer and examinations of their cryptocurrency trade by the analytics firms Elliptic and Chainalysis.

Huione is a constellation of affiliates. The headquarters of one of its companies, Huione Pay, is in Phnom Penh, Cambodia.

And yet, this money-laundering network operates with impunity. The group has never been targeted for sanctions by any government. The cryptocurrency company Tether has frozen some of the group’s accounts, at the behest of unspecified law enforcement officials, and the messaging app Telegram has shut down some of its channels. But neither measure made a lasting effect.

This is how it works.

Imagine you’re a scammer, cheating people out of their life savings. You need a way to get money out of countries around the world. You need a matchmaker.

A matchmaker is a trusted intermediary who will shepherd your loot home. A good matchmaker has a worldwide network of people, known as mules, who can move money within hours.

The money mule can be a person or a shell company that controls a local bank account or a cryptocurrency wallet.

Once you find a matchmaker, he will deposit money into escrow, essentially ensuring he won’t run away with your money along the way.

Now you are ready to start your scam.

Let us say that you’ve tricked someone into sending you $40,000.

Step 1: You, the scam boss, cut a deal with a matchmaker. For a U.S. scam, the matchmaker typically demands 15 percent of the proceeds for himself and his mules.

Step 2: Your matchmaker finds the right mules for the job, and gets you a deal.

Step 3: The matchmaker sends you the mule’s bank account or crypto wallet details. You send that information to your victim.

Step 4: Your victim sends $40,000 to your money mule’s account.

Step 5: The mule moves the money from one account to another account and eventually converts it to cryptocurrency.

Step 6: Finally, the mule takes a cut for his services and sends the rest to the matchmaker. The matchmaker pays himself, and gives you $34,000.

Moving Bricks

Huione makes money at every step of the process.

First, one affiliate, which until recently was called Huione Guarantee, hosts the marketplace where scammers can find matchmakers. The matchmakers are essential to the system and their work is so repetitive that the Chinese name for it is “moving bricks,” according to Yanyu Chen, an anthropologist who studies money-laundering schemes in Cambodia.

The online bazaar is made up of thousands of chat groups on Telegram.

Some Huione Pay branches advertise money-exchange services, including converting between Tether cryptocurrency and U.S. dollars.

On these Telegram channels, anonymous users advertise money laundering services with the wink and nod of barely disguised language. The posts are public; anyone with the Telegram app can see them. Some merchants also sell stolen personal data, applications for impersonating others and other essential services to scammers.

One channel, called “Demand and Supply,” had more than 400,000 users with hundreds of daily messages, including advertisements for money-laundering services. After we sent questions to Huione Group and others in late February, Telegram said it had removed the channel. But another quickly sprung up, with some 250,000 members joining within a week.

Huione Guarantee did not respond to repeated requests for comment but has denied its relationship with Huione Group, the financial conglomerate. It even changed its name in October, shedding the Huione name. But it told customers on Telegram that Huione Group remained one of its “strategic partners and shareholders.”

Second, the bazaar guarantees the laundering transactions. Why? Because there is little honor among thieves, and scammers get scammed, too. To prove their credibility, matchmakers and money mules pay a deposit to Huione Guarantee, which holds it in escrow. This assures scammers that nobody will abscond with their money (or if someone does, that person will lose some of their own money).

The price to launder money is determined by the crime committed to get it. Scams like impersonating government officials incur a higher cost because the victims are more likely to call the police or alert their banks.

Location affects the price, too. Launderers charge up to 60 percent to clean money in China. That is because the country has tightened controls since 2020, arresting thousands of people and freezing large sums of money in a nationwide crackdown.

China and Cambodia have agreed to collaborate on law enforcement operations, leading to multiple arrests of mostly lower-level criminals. This has not made a dent on the scamming and money-laundering industries.

While the matchmaker deals are worked out privately, one-on-one, the bazaar makes money, too. It sells ads on public groups, charges maintenance fees for private groups and takes small cuts from deals. Most of the transactions are denominated in the cryptocurrency Tether, but some are conducted in cash, gold and through bank transfers. (The bazaar even issued its own cryptocurrency last year.)

The bazaar denies any criminal association in disclaimers posted on its website and on Telegram channels. “All business in the public groups is provided by third-party merchants, which has nothing to do with Huione Guarantee,” one post says.

Third, another Huione affiliate, Huione International Pay, is more directly involved in laundering money. It is a matchmaker itself, according to internal company documents and two people familiar with its operations.

The documents and insiders indicate that Huione International Pay operates with the efficiency of a legitimate, professional bank. It is based inside the conglomerate’s headquarters in Phnom Penh, a glass and concrete building with two panda statues standing guard by the entrance.

Huione International Pay operates out of the conglomerate’s headquarters in Phnom Penh, according to two people familiar with the operation.

One company department handles customer relations for scammers and other illicit actors. Another monitors Telegram channels. A third department tracks money mule accounts in at least a dozen countries, according to internal documents we reviewed.

Huione’s companies operate with a veneer of legitimacy in a country with “very limited regulatory enforcement, if any at all,” said John Wojcik, a threat analyst with the United Nations Office on Drugs and Crime. The conglomerate’s obscure ownership structure creates challenges for targeted law enforcement, he said.

But even if Huione were shut down, other operators would quickly replace it, according to Mr. Wojcik.

“We can already see competitors now positioning themselves,” he said.

The National Bank of Cambodia, which regulates financial institutions, said the government was committed to ensuring that “financial transactions are safe and transparent.” It said the government was working to comply with international anti-money-laundering recommendations.

The national bank said that it had not renewed a license for Huione’s payment service (the one with the QR codes) to operate in Cambodia because it “did not meet the renewal requirements.” Huione quickly announced plans to register its business in Japan and Canada.

Hunting Mules

Money mules are the people who run the bank accounts and wallets.

Some mules open these bank accounts using fake identities, which artificial intelligence has made easier to create, according to Elad Fouks, who monitors fraud for Chainalysis.

Mules spread out the deposits and withdrawals to make them less noticeable to banks. Transactions below $10,000, for example, are less likely to draw attention. Most accounts and virtual wallets that are used for money laundering are active only for a few weeks or months.

Still, the mules — and not matchmakers or scammers — run the highest risk of getting caught.

In one U.S. court case that outlines the mechanics of such operations, the lead defendant, Daren Li, ran a money mule syndicate that registered 74 U.S. shell companies to launder nearly $80 million. The companies set up accounts at Bank of America and elsewhere.

When victims sent money to the accounts, the funds quickly moved to a bank in the Bahamas. From there, the money was used to purchase Tether cryptocurrency held on the exchange Binance.

Within days, the money moved to another virtual wallet.

Mr. Li worked with Huione International Pay to launder money, according to records we reviewed. But both the F.B.I. and the Secret Service declined to confirm the link. Mr. Li pleaded guilty in November to conspiracy to commit money laundering.

Payday

Imagine, once again, that you are a scam boss. Something has gone wrong: Your mule has been arrested; the bank froze his account; or maybe he ran off with your money.

In these cases, your matchmaker arbitrates disputes.

If the mule is at fault, the matchmaker will help retrieve the deposit from escrow and get it to you. If nobody is to blame, the losses are chalked up to the cost of doing business.

But, if all goes well, you will have your payday, usually in Tether, which you can convert to U.S. dollars at a casino or using Huione’s payment company.

The buildings adjacent to the Golden Sun Sky Casino & Hotel in Sihanoukville have hosted large scam operations, British authorities say.

You can use that money to pay your employees.

These days, scamming operations mimic professional institutions, employing thousands of people in marketing, sales and human resources departments. Often, many employees are victims of human trafficking who are coerced into scamming faraway targets. Some scammers even model their organizations on 19th century company towns, paying wages only after employees complete a season of work. Until then, workers receive company credit.

The wages enrich the restaurants, casinos and brothels that make a killing from captive employees who are often confined to fortified compounds.

Also on the scammer payroll are attractive models who are paid to join video calls and persuade victims to part with their cash. Some of them swap their faces using artificial intelligence.

Scammers, like everyone else, have to pay their landlords — for housing and, in their case, for protection.

And then there are the behind-the-scenes services, many of which can be bought through Huione’s bazaar. Scammers pay software developers to build websites that imitate investment platforms. They need internet and computer infrastructure. And they pay thieves to steal personal data on potential victims: national identification numbers, credit card information, location data and even details about previous hotel stays.

Some of the money will go to dealerships that sell luxury cars. Some is used to buy property in places like London and Dubai.

And of course, some of it will go to fireworks.

Planned Parenthood President Makes $904,000

Planned Parenthood’s affiliate CEOs made more money than 98% of other US workers in the 2023 fiscal year, just a year before the organization received nearly $700 million from taxpayers, a watchdog organization reported March 20.

Planned Parenthood Federation of America President Alexis McGill Johnson earned $904,014 in 2022-2023, according to American Life League’s 2025 Report on Planned Parenthood CEO Compensation.

Across America, according to the Social Security Administration, the average raise increase was 5.32% for 2022. Compared with her 2021 salary of $683,697, Johnson’s 2022-2023 salary marked a 32% increase, according to the American Life League report.

Over the span of 2020 to 2023, Planned Parenthood’s affiliate CEOs’ average salary increased from $317,564 to $352,661, according to the report.

The report also includes a list of the top 20 PPFA Affiliates’ CEO income. At the top was the CEO of Planned Parenthood Los Angeles, which has 24 facilities. The affiliate made $155 million in 2022-2023. Its CEO, Sue Dunlap, was compensated $875,942.

Planned Parenthood is considered a nonprofit organization. According to American Life League’s 2025 report, Planned Parenthood’s CEOs, on average, make more than triple the average salary of nonprofit CEOs.

Katie Brown, American Life League’s national director, decried the situation as a “vicious cycle” operating “right under our noses.”

“Hundreds of millions of our tax dollars are forked over to the oligarchs at Planned Parenthood, and in turn, they kill nearly half a million preborn Americans each year,” Brown said in a March 20 press release. “And the reward? A government-funded nonprofit CEO making nearly $1 million a year.”

“That should enrage Americans,” Xavios continued. “At this time in America, when it is clear that there has been an extremely inappropriate misuse of funds by our government and by other nongovernmental organizations, Planned Parenthood reeks of guilt.”

In 2021, the top 11 PPFA employees’ salaries totaled $5.48 million. In 2023, that total had increased to $5,737,115.

The data compilation comes shortly after a bombshell New York Times report found that a number of Planned Parenthood state affiliates are struggling with financial difficulties, high staff turnover rates, and dismal patient care.

As CatholicVote previously reported, Johnson said that the Times article, which had a number of harrowing anecdotal stories based on patients’ and employees’ experience, lacked context.

She also said that Planned Parenthood workers “are trying to provide care in a system that has very inequitable reimbursement rates.”

A number of Planned Parenthood affiliates, including in New York, Missouri, and Illinois, announced several facility closures in recent months. CatholicVote reported March 20 that Planned Parenthood of Greater New York (PPGNY) is closing its only facility in Manhattan, citing increasing operational costs and insufficient Medicaid reimbursements. Four other Planned Parenthood facilities in New York have closed in recent months, according to the Gothamist.

In January, Planned Parenthood of Illinois announced it would be closing four facilities.

American Life League’s report concluded that the climbing CEO salaries make the abortion giant’s financial trouble claims “seem hollow at best.”

The report’s lead researcher, Katherine Van Dyke, noted in the March 20 release that the increasing earnings of the CEOs conflict with the argument of the company’s financial decline.

Van Dyke said the report “shows that taxpayer money is truly the fuel for Planned Parenthood’s earnings and that the financial facts from their own reports do not align with the organization’s claims of financial woes.”

Elected officials must review this data and take appropriate action, she added.

“Now is the time for our country’s leaders to truly assess these numbers and give Planned Parenthood the boot when it comes to receiving government reimbursements or benefitting from any form of appropriations,” Van Dyke said. “In other words, it is time to defund this very wealthy and profitable abortion megacorporation.”

Investigative journalist Bad Kitty Unleashed reported on Thursday that Supreme Court Chief Justice John Roberts is involved in a secretive, invite-only club for elite judges in Washington, DC.

The secretive club America Inns of Court also includes the radical America-hating judges James Boasberg, Beryl Howell, Ketanji Brown Jackson, and Amit Mehta—all hard-left judges and Trump-haters.

John Roberts has been Chief Justice of the Supreme Court since September 2005. What in the world is he doing fraternizing in a secret group with far-left colleagues?

This is a shocking development.

The Supreme Court Chief Justice is holding secretive meetings with far-left district judges who are running a judicial coup on the current President of the United States! This is a huge development.

Just think, two days ago, on Tuesday, Chief Justice Roberts released a statement attacking President Donald Trump for calling on these same crooked District judges to be impeached!

And now we have evidence that John Roberts was in a secret group with these same judges!

Here is what Roberts said to the US President, who is under siege by the judicial branch.

“For more than two centuries, it has been established that impeachment is not an appropriate response to disagreement concerning a judicial decision. The normal appellate review process exists for that purpose.”

So who all is linked to this selective and secretive club? And recall all of their negative Trump rulings?

– Judge James Boasberg (President)
– Scotus Ketanji Brown Jackson (Vice President)
– Judge Amit Mehta (Secretary and a meeting held at her court.)
– Judge Beryl Howell
Justice (Professionalism Award)
-Justice John Roberts (Honorary Bencher of the Middle Temple)

The list includes some of the most soulless and vicious judges in DC District Court.

Wasn’t it something else that Judge John Roberts broke ethical conduct and stuck up for his, “brother Boasberg”?

George Soros has funded a fellowship at Middle Temple where John Roberts is a master of the bench.

First let me very quickly explain how this secret society called, the American Inns of Court came about. In the UK, they have the four Inns of Court that dates back hundreds of years. One of those is called Middle Temple (see Roberts photo). Well, the US created the American version of this in recent decades. There’s a massive list of branches.

The branch many of our judges belong to is The Edward Bennett Williams (EBW) Inn of Court. It’s so secretive, they deleted most signs of this branch from their website although they still met.

Now here’s Judge Beryl Howell. She was nominated by President Judge Boasberg, and VP Ketanji Brown Jackson approved of her nomination. Boasberg claims it was her work on Jan 6 that contributed to his choosing her for the American Inns Of Court Professionalism award.

Let me show you the scant meeting info that I found which included the DOJ and Inspector General Horowitz in attendance.

1. The Edward Bennett Williams Inn of Court: BOP Custody / Current Status of BOP / Early Release & Reentry: Washington DC, 2/15/24

“Joel Sickler – invited panelist at EBW Inn of Court (February15, 2024, Washington DC). The meeting held in the District of Columbia Court of Judge Amit Mehta. In addition to panelists, approximately 150 lawyers including several Federal District Judges were also present. The panel was presented primarily with Michael Horowitz, DOJ Inspector General and Seth Eichenholtz, Deputy Assistant Attorney General – also featuring Vanessa Rojas, a returning citizen with direct and learned perspective regarding constructive reforms within the Bureau of Prisons.”

Also there was:

“Seth Rosenthal, Chief Deputy Attorney General for Office of AG District of Columbia.”

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2. Mathew Bester, 3 years ago in a quote Linkdn post:

“I really enjoyed talking about the latest DOJ developments last week on a great panel.”

Matthew was reposting Brent Gurney’s Post and yes the DOJ was there:

“I want to thank my co-hosts, Erin K. of Consumer Financial Protection Bureau, Lisa Phelan of Morrison & Foerster LLP, Inn member G. Zachary Terwilliger of Vinson & Elkins and our guest panelists Jim Fredricks of the DOJ Antitrust Division, Tiffany Rider of Axinn, Veltrop & Harkrider LLP and Matthew Bester of Accenture, for a robust and fascinating discussion of the issues.”

3. Yearly gala, I’ll review this later. But the Assistant United States Attorney at U.S. Attorney’s Office for the Eastern District of Virginia replied in a comment. Was he there?

“Great job, Rebecca!”

I’ve seen lawsuits online for this secret org over recusal worries with this private club. I also saw a lawsuit that stated their secrecy is dangerous to democracy.

Freaking exposé! FIVE anti Trump judges are involved in a secretive, INVITE ONLY club for judges and lawyers called the American Inns of Court. Even the membership and meetings are secret. But somehow the DOJ has shown up at meetings. At least since Biden had been in… pic.twitter.com/PxbBQLWvtF

— Bad Kitty Unleashed (@pepesgrandma) March 20, 2025

Here’s the American Inns of Court judicial benefits flyer. Judges hobnobbing with other judges, the DOJ and lawyers, just doesn’t seem very ethical to me.

NETWORK WITH AND GAIN ACCESS TO COLLEAGUES

• Meet and interact with federal and state judges on a local, regional, and… pic.twitter.com/4AsNXYVvot

The perks of membership include being able to hobnob and network with top colleagues in the area.

Via Bad Kitty Unleashed:

Here’s the American Inns of Court judicial benefits flyer. Judges hobnobbing with other judges, the DOJ and lawyers, just doesn’t seem very ethical to me.

NETWORK WITH AND GAIN ACCESS TO COLLEAGUES

• Meet and interact with federal and state judges on a local, regional, and… pic.twitter.com/4AsNXYVvot

— Bad Kitty Unleashed (@pepesgrandma) March 20, 2025

This part of the report is just shocking!

Judge Beryl Howell was nominated to the American Inns of Court for our outstanding work sending hundreds of Trump-supporters to prison for months and years for walking inside the US Capitol on January 6, 2021!

These are NOT good people! And Beryl Howell has an atrocious record of partisan and abuse of Trump supporters. She is the definition of wicked.

Please read the rest at Bad Kitty Unleashed. This is a huge development.