The Trump administration sanctioned more than a hundred companies and individuals in Southeast Asia linked to online investment scams that have fleeced US victims of billions of dollars in recent years.
The Treasury Department — in collaboration with the UK — imposed sanctions Tuesday on entities linked to Cambodia-based Prince Holding Group, which it alleged was a sprawling criminal network targeting Americans.
Treasury also moved to “sever” the Cambodia-based financial services conglomerate Huione Group from the US financial system, alleging the group “laundered proceeds of virtual currency scams and heists on behalf of malicious cyber actors.”
Online scams have taken ...
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