Nanoceria with a remarkable phosphatase mimicking activity was synthesized and used to catalyze the hydrolysis of phosphate esters in pH 10 solution. The catalytic effect of nanoceria was firstly investigated by selecting p-nitrophenyl phosphate as a model substrate. The pH value, incubation temperature, reaction time, and concentration of nanoceria were optimized. The catalytic effect was then confirmed by using methyl-paraoxon as a substrate. The p-nitrophenol anion released by the enzyme mimic is yellow and exerts an inner filter effect on the fluorescence of the carbon dots (with excitation/emission maxima at 400/520 nm). Response to methyl-paraoxon is linear in the 1.125–26.25 μmol L concentration range. The method was applied to the determination of pesticides in spiked Panax quinquefolius and water samples. Recoveries ranged from 85 to 103% (n = 3). The technique is rapid, reliable, and can be used for on-site detection of pesticides and organophosphates.