The United States Government announced this Tuesday the adoption of sanctions against nine individuals and 26 companies for their relationship with the Prince Group conglomerate, based in Cambodia, which Washington describes as a transnational criminal organization.
The individuals identified by the Office of Foreign Assets Control (OFAC) of the Treasury Department are nine citizens of different nationalities, mostly from Cambodia and China, who, as members of Prince Group, "benefit from fraudulent networks that target victims in the United States and around the world."
As detailed by the State Department, "the perpetrators of these scams, including criminals linked to North Korea, have used the Huione Group - including Huione Pay and H-Pay - to transfer and launder assets derived from the scams."
Also included in the same package are 26 companies, several of them based in Cambodia, the United Kingdom, China, and Thailand, a decision that comes after the sanctions imposed in October of last year against 146 individuals and entities related to Prince Group.