Prince Bank and Panda Bank: 96% of Customers Reimbursed Within a Month

• Nearly full reimbursement. Almost all depositors of the sanctioned Prince Bank have recovered their funds.
• Panda Bank on track. 96% of Panda Bank customers, linked to scams, should be reimbursed within a month.
• Expanded US sanctions. The US has added 9 individuals and 26 entities linked to the Prince Group to its blacklist.
• Direct impact on expats. Expats with accounts in these banks should verify their status and stay informed.
• Key date. Announcement made on June 26, 2026.

The reimbursement process and sanctions unfolded as follows:

1. Before June 2026: Prince Bank and Panda Bank are sanctioned by the US for their ties to fraudulent activities and the Prince Group.
2. Early June 2026: Cambodian authorities begin reimbursing Prince Bank depositors.
3. June 26, 2026: Announcement that nearly all Prince Bank depositors have been reimbursed.
4. June 26, 2026: 96% of Panda Bank customers should be reimbursed within a month.
5. June 26, 2026: The US expands sanctions against 9 individuals and 26 entities of the Prince Group.
6. Coming weeks: Finalization of Panda Bank reimbursements and monitoring of new sanctions.

Reimbursements and sanctions affect several segments:

• Expats with accounts in these banks should check if they have been reimbursed or need to contact the bank.
• Money transfers to or from these banks may be blocked or delayed due to sanctions.
• Expats who work or have ties with sanctioned entities should consult a specialized lawyer.
• Businesses and restaurants in Siem Reap that accepted payments via these banks need to find alternatives.
• The reputation of Cambodia's banking sector is affected, prompting expats to diversify their accounts.

1. Check your accounts: If you are a customer of Prince Bank or Panda Bank, contact your branch to confirm reimbursement or next steps.
2. Monitor sanctions lists: Regularly check updates from the US Treasury (OFAC) to see if your bank or partner is affected.
3. Diversify your banks: Open an account with a non-sanctioned bank (e.g., ACLEDA, ABA) to secure your funds.
4. Avoid suspicious transactions: Do not engage in financial operations with entities linked to the Prince Group.
5. Consult an expert: If you have doubts about your situation, seek advice from a lawyer specializing in international sanctions.
6. Stay informed: Follow news from reliable sources like Cambodianess or your country's embassy website.