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The Treasury Department announced Tuesday that it has imposed sanctions on individuals and businesses connected to the Prince Group Transnational Criminal Organization, a Cambodia-based network accused of operating large-scale fraud and money laundering schemes targeting Americans and others around the world.
The Department’s Office of Foreign Assets Control sanctioned nine individuals and 26 entities associated with the organization, including alleged leaders, investors in scam compounds, and companies accused of serving as fronts for criminal activities.
Federal officials designated Prince Group as a transnational criminal organization in 2025, alleging it played a central role in a network of scam compounds operating throughout Cambodia and Southeast Asia that generated revenue through fraud, cyber-enabled scams, and money laundering.
“Scam centers in Southeast Asia steal billions of dollars from American victims each year,” Treasury Secretary Scott Bessent said. “The Trump Administration is united in its efforts to dismantle these overseas criminal enterprises, and Treasury will continue using its tools to disrupt the networks behind this egregious fraud and protect Americans.”
According to Treasury officials, Prince Group allegedly managed a global money laundering operation and used criminal proceeds to invest in a variety of legitimate-seeming businesses, including real estate, aviation, and luxury cigar enterprises.
“Following Treasury’s action, countries around the world mobilized against this vicious syndicate, seizing properties, making arrests, and freezing assets with a combined value in the billions of dollars,” the Treasury Department’s statement noted.
The sanctions were issued pursuant to President Donald Trump’s executive order, “Combating Cybercrime, Fraud, and Predatory Schemes Against American Citizens,” which directs federal agencies to aggressively target foreign criminal networks engaged in cyber-enabled fraud and financial exploitation.
The sanctions freeze any U.S.-based assets belonging to the designated individuals and entities and generally prohibit Americans from conducting business with them.
Treasury officials said the action is part of a broader effort to disrupt international fraud networks that have increasingly targeted U.S. citizens through online scams and other deceptive schemes.