Prince Group

Rule Changes

Designated as TCO by US and UK; 146 targets sanctioned

The U.S. Treasury sanctioned 146 targets tied to the Cambodia-based Prince Group in October 2025, and the U.K. imposed matching sanctions. The Financial Crimes Enforcement Network (FinCEN) cut the Huione Group, a Cambodian payments conglomerate, off from U.S. banking. FinCEN found it laundered at least $4 billion between August 2021 and January 2025.

Updated Oct 28

Force in Play

As of May 2026: 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