Time
14:39
The US and UK jointly crack down on Southeast Asian online fraud: sanctions on Prince Group and severing Huione's financial access to the US.
October 14, 2025
CoinFeed News
The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) and the Financial Crimes Enforcement Network (FinCEN), along with the UK’s Foreign, Commonwealth and Development Office (FCDO), have taken their largest-ever action against a Southeast Asian cyber fraud ring, sanctioning Cambodia’s Prince Group TCO (Chen Zhi) and severing Huione Group’s access to the U.S. financial system.