All news with #sanctions tag

US Sanctions Southeast Asian Cyber Scam Networks, $10B Theft

🚨 The U.S. Department of the Treasury has designated multiple cyber fraud networks in Burma and Cambodia that stole more than $10 billion from Americans, according to OFAC. The operations are linked to forced labor, human trafficking, and violent coercion and ran diverse scams from romance baiting to fake cryptocurrency schemes. The sanctions freeze U.S.-based assets and bar transactions with Americans, tightening these actors' access to international finance and platforms.