US, UK sanction major Southeast Asian crypto scam network
The United States and United Kingdom have imposed sweeping sanctions on a Southeast Asia-based crime network responsible for operating a chain of “scam centres” across Cambodia, Myanmar, and the wider region. The network exploited trafficked workers to defraud people worldwide through fake cryptocurrency investments.
The US Treasury Department announced on Tuesday what it called the largest action ever in Southeast Asia, targeting 146 individuals linked to the Cambodia-based Prince Group, which it officially designated a transnational criminal organisation, News.Az reports, citing Al Jazeera.
The UK also sanctioned six entities and individuals associated with the Prince Group, freezing…
