The post US and UK sanction Southeast Asia scam network tied to human trafficking and online fraud appeared on BitcoinEthereumNews.com. Key Takeaways The UK and US governments have imposed coordinated sanctions on a Southeast Asia–based criminal network involved in large-scale online scams. Prince Group, a Cambodian conglomerate, was sanctioned for alleged scam-related activities. The US and UK today imposed coordinated sanctions targeting a Southeast Asia–based network involved in large-scale online scams, including measures against Prince Group, a Cambodian conglomerate accused of running scam compounds and laundering illicit proceeds. Chen Zhi, chairman of Prince Group, was personally sanctioned for overseeing scam-related activities in Southeast Asia. The Prince Group is a major Cambodian conglomerate with strong ties to the country’s ruling elite. The US has introduced legislation targeting Cambodian scam syndicates, including entities like Prince Group, to dismantle foreign fraud networks with international cooperation. Scam operations involving Prince Group have expanded beyond Cambodia, affecting victims in countries like Thailand and coordinating with financial institutions for asset freezes. Source: https://cryptobriefing.com/uk-sanctions-prince-group-southeast-asia-network-online-scams/The post US and UK sanction Southeast Asia scam network tied to human trafficking and online fraud appeared on BitcoinEthereumNews.com. Key Takeaways The UK and US governments have imposed coordinated sanctions on a Southeast Asia–based criminal network involved in large-scale online scams. Prince Group, a Cambodian conglomerate, was sanctioned for alleged scam-related activities. The US and UK today imposed coordinated sanctions targeting a Southeast Asia–based network involved in large-scale online scams, including measures against Prince Group, a Cambodian conglomerate accused of running scam compounds and laundering illicit proceeds. Chen Zhi, chairman of Prince Group, was personally sanctioned for overseeing scam-related activities in Southeast Asia. The Prince Group is a major Cambodian conglomerate with strong ties to the country’s ruling elite. The US has introduced legislation targeting Cambodian scam syndicates, including entities like Prince Group, to dismantle foreign fraud networks with international cooperation. Scam operations involving Prince Group have expanded beyond Cambodia, affecting victims in countries like Thailand and coordinating with financial institutions for asset freezes. Source: https://cryptobriefing.com/uk-sanctions-prince-group-southeast-asia-network-online-scams/