| Source: US OFAC news |
| Summary: The U.S. Department of the Treasury, through the Office of Foreign Assets Control (OFAC), sanctioned nine individuals and 26 entities linked to the Prince Group Transnational Criminal Organization (TCO) for their roles in large-scale cyber-enabled fraud and scam operations targeting Americans. The Financial Crimes Enforcement Network (FinCEN) proposed amending regulations to include H-Pay Service PLC, a key entity used by the Prince Group for laundering scam proceeds. These actions, coordinated with international partners and U.S. agencies, aim to disrupt criminal networks exploiting Americans through digital asset investment fraud and other scams, which caused over $10 billion in losses in 2024. The sanctioned individuals include leaders, investors, and front companies associated with the Prince Group TCO, with their names listed in the original OFAC article. |
| Read full article → |
Treasury Further Dismantles Overseas Scam Operations Targeting Americans
| Source: US OFAC news |
| Summary: The U.S. Department of the Treasury, through the Office of Foreign Assets Control (OFAC), sanctioned nine individuals and 26 entities linked to the Prince Group Transnational Criminal Organization (TCO) for their roles in large-scale cyber-enabled fraud and scam operations targeting Americans. The Financial Crimes Enforcement Network (FinCEN) proposed amending regulations to include H-Pay Service PLC, a key entity used by the Prince Group for laundering scam proceeds. These actions, coordinated with international partners and U.S. agencies, aim to disrupt criminal networks exploiting Americans through digital asset investment fraud and other scams, which caused over $10 billion in losses in 2024. The sanctioned individuals include leaders, investors, and front companies associated with the Prince Group TCO, with their names listed in the original OFAC article. |
| Read full article → |
Geef een reactie