US Treasury sanctions 45 targets linked to Prince Group scams

OFAC's third round against the Cambodia-based network hits four individuals and 41 entities, plus a Malaysian man accused of running fake NFT scams from Madagascar The US Treasury has gone back to the Prince Group well a third time. On November 5, 2026, the Office of Foreign Assets Control sanctioned 45 targets it says support the Cambodia-based organization’s alleged crypto scam operations. The list includes four individuals and 41 entities. Washington treats Prince Group as a transnational criminal organization, and it keeps finding more people and companies to add to the file. Who got hit, and where Among the individuals named are Qiu Yong, Zhao Mengyao, He Yujing and Visal Pang. They join a roster of Prince Group-affiliated actors that has grown with each enforcement round. The 41 entities are where the story gets interesting. They are corporate vehicles spread across the British Virgin Islands, Hong Kong, Cambodia, Singapore, Mauritius and Malaysia. Treasury says the goal of this action is to disrupt the money laundering networks behind the scams and to block their access to the financial system. The scam machine, as Treasury describes it Prince Group is accused of generating ...