UK and US Sanction Southeast Asian Online Scam Network
🛡️The UK and US have jointly sanctioned a transnational network accused of operating scam centres across Southeast Asia, immediately freezing businesses and UK properties linked to the group. Targets include Prince Group, its chairman Chen Zhi, and proxy firms such as Jin Bei Group, Golden Fortune Resorts World Ltd and crypto platform Byex Exchange. Investigations by the UK FCDO and US OFAC allege victims were lured by fake job adverts, forced to perpetrate online fraud under threat of torture, and that proceeds were laundered via front companies, casinos and crypto services.
