South Korean Money mules nabbed at Siem Reap airport

[geovalin]

Two South Korean nationals were arrested on Sunday for trying to bring $2.2 million in cash into the Kingdom without proper provenance for the money. Immigration police nabbed the pair, Yoon Wongi and Song Hyunhoo, upon their arrival at Siem Reap International Airport’s Customs and Excise Department on July 7. They were toting $2.2 million in bundles of $100 and $50 banknotes.

 

According to police report, the two South Korean men entered Cambodia on a flight from Hong Kong. The pair was taken to the Department of Investigation and Procedure, and the money was temporarily stored at the Customs and Excise Office at Siem Reap International Airport. Sok Phal, secretary of state at the Interior Ministry, yesterday said the two men are currently detained at the provincial court for further legal procedures in accordance with the law.

 

He noted that in a similar case, the judge would take action based on the laws on money laundering, fighting the financing of terrorism, and other legal instruments in Cambodia. “As suggested by Interior Minister Sar Kheng, the provincial court will investigate this case and see why they brought such an amount of money into Cambodia,” he said.

 

read more https://www.khmertimeskh.com/50622083/money-mules-nabbed-at-siem-reap-airport/

[IAMHERE]

I wonder if it was counterfeit?

[hotchilli]

10 hours ago, IAMHERE said:

I wonder if it was counterfeit?

More like drug money, cash purchases are tricky to detect, any other legit business would be done via a transfer of funds from account to account.

Carrying that amount of money through an airport is very stupid these days.

[Seth1a2a]

11 hours ago, IAMHERE said:

I wonder if it was counterfeit?

In the late 1990s Cambodia was used as a dumping ground for "Korean" counterfeiters. It's not a stretch to see it coming in from South Korea (originating in North Korea ) again.

This link is from 1996

https://www.newsweek.com/it-real-or-super-k-178582

"Each of the $100 bills was a nearly perfect counterfeit."

 

 

51 minutes ago, hotchilli said:

More like drug money, cash purchases are tricky to detect,

Let's say it's not the " super k " type bills . There might still be a network of guys remaining to 

put real money in need of laundering to it's best advantage.  

 

It got so dicey back then that US 100s were triple checked everywhere I went . 

 

 

 

 

 I only mentioned the older story

to say this isn't something new.  Those bills look pretty crisp in this photo

Edited July 9, 2019 by Seth1a2a

[Burma Bill]

18 hours ago, IAMHERE said:

I wonder if it was counterfeit?

or "dirty" money destined for the Chinese casinos in Sihanoukville.

[Burma Bill]

Quote:-

South Korean Money mules

they were certainly making right asses of themselves!