The US Department of the Treasury, through its Office of Foreign Assets Control (OFAC) and Financial Crimes Enforcement Network (FinCEN), has announced sweeping sanctions against the Prince Group Transnational Criminal Organisation (TCO), a Cambodia-based syndicate led by businessman Chen Zhi. The UK’s Foreign, Commonwealth and Development Office (FCDO) has simultaneously imposed sanctions on Prince Holding Group, Chen Zhi and several key associates. The coordinated action follows years of investigation and intelligence-sharing between the two governments. US authorities have also unsealed a criminal indictment against Chen Zhi in the Eastern District of New York. The case involves collaboration between the FBI, US prosecutors, and the FCDO.

U.S. losses to online investment scams have ste

See Full Page