The dramatic expansion of large-scale economic land concessions and acquisitions in the Global South has generated considerable concern amongst activists, journalists and academics recently. This has led to the increased prevalence of the term ‘global land grabbing’, which I argue represents a particular type of meta-narrative. In this article the global land grab meta-narrative is considered in relation to recent land alienation of Indigenous Peoples in the northeastern Cambodia province of Ratanakiri. While land grabbing is certainly a crucial problem, it is insufficient to explain the circumstances in Ratanakiri or in Cambodia more generally as ‘global land grabbing’. While foreign capital is associated with land grabbing in Cambodia, there are various other factors that also require consideration. Specifically, the role of Asian money laundering and elite capture requires increased attention. This article contributes to better understanding the particular ways that land dispossession plays out in particular places and contexts.