U.S. Sanctions Prince Group: Cracking Down On Southeast Asia Scam Rings
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6 Articles
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Social News XYZUS sanctions Cambodia-linked network over global scam operations
Washington targets Cambodia-based Prince Group TCO with sanctions over large-scale online fraud, freezing assets and cracking down on scam compounds in Southeast Asia.
U.S. Sanctions Prince Group: Cracking Down On Southeast Asia Scam Rings
The U.S. Department of the Treasury sanctioned nine individuals and 26 entities tied to the Prince Group Transnational Criminal Organization on Tuesday, expanding a campaign against Southeast Asia-based scam operations that have drained billions of dollars from American victims. The Office of Foreign Assets Control imposed the designations against Prince Group leadership, investors in scam compounds, and front companies, the agency announced. At…
U.S. Sanctions CCU Commercial Bank & Its Chairman Chen Bo as Part of Expanded Prince Group Crackdown
Cambodia Investment ReviewCCU Commercial Bank PLC has become one of the latest Cambodian financial institutions to be caught up in U.S. sanctions after the U.S. Department of the Treasury announced a sweeping new package targeting individuals and companies allegedly linked to the Prince Group.The sanctions, announced on June 23, target nine individuals and 26 companies that U.S. authorities claim are connected to cyber-scam operations, human tra…
On Tuesday (June 23), the U.S. Treasury Department announced further sanctions against nine senior executives and 26 entities of the Southeast Asian fraud syndicate Prince Group, including Prince Group leadership, investors, and shell companies. It is understood that Prince Group's number two figure has been arrested in Japan.
The U.S. government announced the imposition of sanctions against nine individuals and 26 companies for their ties to the Cambodia-based Prince Group conglomerate, which Washington considers to be a transnational criminal organization. Those affected by the Treasury's Foreign Assets Control Office (OFAC) measure are nine individuals of diverse nationality, most of whom are from Cambodia and China, who, as members of Prince Group, " benefit from …
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