Prince Group

Rule Changes

Designated as TCO by US and UK; 146 targets sanctioned

The U.S. Treasury designated 146 targets linked to the Cambodia-based Prince Group, a network that runs online investment scams from compounds in Southeast Asia. The U.K. imposed matching sanctions, and the Financial Crimes Enforcement Network barred the Huione Group, a Cambodian financial conglomerate, from the U.S. banking system.

Updated Oct 12

Force in Play

Under liquidation and sanctions

For five years, Southeast Asia's scam compounds operated with near-impunity, generating an estimated $75 billion while trafficking hundreds of thousands of workers into forced labor. Then a Chinese actor got kidnapped in January 2025, and Beijing decided it had seen enough. Within twelve months, China extradited scam kingpins from Thailand, Cambodia, and Myanmar and sentenced crime family leaders to death. Beijing pressured regional governments into coordinated enforcement, transforming a tolerated nuisance into an existential threat.

Updated May 21