I remember that the protagonist (average looking white guy) was fighting an ancient sorcerer/magician who looked like a Mongol/Chinese guy and was using hypnosis to control people around him.
The magician had a sentient knife which he called "Chimera" and there was a scene where the protagonist tried to mind-control the knife.
I watched this film somewhere back in early 2000's, and I guess the film was recent at this point, because the graphics were quite good.
I don't remember the plot details, only several scenes:
- the magician is throwing a guy in a uniform over the edge of high building.
- the protagonist is naked and chained to a statue of living metal with many arms (or something looking like this).