The U.S. Department of the Treasury announced sanctions on June 24, 2026, targeting nine individuals and 26 entities associated with the Prince Group Transnational Criminal Organization (TCO). This follows an initial round of sanctions in October 2025.
The sanctions aim to disrupt financial networks supporting large-scale fraud and human trafficking operations in Southeast Asia, particularly in Cambodia and Myanmar. The Treasury's Office of Foreign Assets Control (OFAC) designated the entities for their role in facilitating cyber scams and forced labor.
Prince Group, a Cambodian conglomerate, has been accused of operating scam compounds that lure victims with false job offers, then force them to conduct online fraud. The new sanctions freeze any U.S.-based assets of the designated parties and prohibit American citizens from doing business with them.
