Treasury Targets Global Scam Networks and the Corporate Infrastructure That Enables Them

WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned four individuals and 41 entities that support the business network of Prince Group Transnational Criminal Organization (TCO) previously sanctioned by the United States for its role in cyber-enabled fraud, money laundering, and human trafficking. Additionally, OFAC designated a Malaysian individual who defrauded U.S. victims by managing a network of Africa-based scammers.“Cyber scam syndicates continue to steal billions of dollars from American victims while relying on sophisticated international business networks to launder their illicit proceeds,” said Secretary of the Treasury Scott Bessent. “Treasury remains committed to dismantling every layer of these organizations—from their leadership to the corporate structures and financial facilitators that enable them to operate with impunity.”Today’s action builds on OFAC’s October 14, 2025 and June 23, 2026 designations targeting Prince Group leadership, affiliated companies, and financial facilitators.