Bangladesh, Jan. 8 -- The extradition of Chen Zhi, chairman of Cambodia-based Prince Group, to China marks a significant escalation in regional and global efforts to combat transnational crime networks linked to online fraud, human trafficking, and money laundering. Cambodian authorities confirmed this week that Chen, whose sprawling conglomerate has been accused by Western governments of operating as a “transnational criminal organization,” was arrested and swiftly transferred to Chinese custody following months of joint investigations between Phnom Penh and Beijing.

Chen Zhi was detained on January 6 alongside two other individuals, according to a statement from Cambodias Ministry of Interior. The ministry said the arrests ...