US Treasury Sanctions 45 Targets Linked to Cambodia's Prince Group

The Office of Foreign Assets Control designated four individuals and 41 entities for allegedly facilitating the financial operations and concealing ownership of the Prince Group scam network.

Treasury says the network concealed ownership and sustained Prince Group operations, while US rules require covered assets to be blocked. Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next. The United States Treasury Department sanctioned four individuals and 41 firms connected with Prince Group of Cambodia on November 5.

The firms that were targeted are engaged in offshore businesses and finance, which are believed to have been involved in the group’s alleged fraudulent business activities. The SDN update lists no crypto addresses for the newly designated parties, but US firms must still block covered assets and avoid unauthorized dealings with them.

CryptoSlate reported the story as "US sanctions hit 41 companies accused of keeping Prince Group’s scam network running."

4 sources have covered this story, including CryptoSlate, Cryptopolitan, The Defiant and Decrypt. The earliest reporting in the cluster landed about 19 hours ago.

Source accounts have not fully aligned on every figure tied to this story (different reports cite 41, 45); the published L1FE summary holds those specifics open until more sources converge.