Cambodia revokes CoolCash license from UK-sanctioned company
- —The license was issued on May 27, 2024, and was valid until 2030
- —Audit firm Morrison Kak MKA was appointed liquidator
- —Client funds will be returned in accordance with established legal procedure
- —Pan Weizhi and the company have been under UK sanctions since March
Why it matters: The case shows how sanctions on fraud-linked structures lead to license revocations and the liquidation of payment services.
Source: ChainCatcher 链捕手
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