Cambodia's Huibang Payment has suspended operations until January 5 of next year due to a short-term bank run and has initiated a delayed payment plan.

Odaily News Huione Pay in Cambodia suddenly announced a suspension of operations until January 5 next year and initiated a deferred payment plan on December 1 due to a short-term large-scale bank run. A large number of users have been seen queuing outside the headquarters in Phnom Penh, and stores have posted a Chinese “Deferred Payment Statement.” It is worth noting that the U.S. FinCEN has listed Huione Group as a significant money laundering risk institution this May, accusing it of providing money laundering channels for North Korean and Southeast Asian transnational fraud organizations, involving Pig-butchering scams and other encryption fraud activities. (Cambodia-China Times)