Kuala Lampur, April 3 --  

PHNNOM PENH, April 3 - Fraudsters running cyberscam operations in Cambodia could face life in prison after the Senate approved a new law today targeting criminals involved in the multibillion-dollar illicit industry.

The Southeast Asian nation has emerged as a hotspot for crime syndicates running fake romantic relationship and cryptocurrency investment schemes in which scammers-some willing, others trafficked-defraud internet users around the world.

Operated out of fortified compounds across the region, the global cyberscam industry has reached "industrial proportions", with estimates of its annual revenues as high as US$64 billion, according to the UN Office on Drugs and Crime.

Under the law approved t...