US sanctions four people and 41 entities linked to Prince Group
The measures freeze assets under US jurisdiction and target alleged support for an organization the US calls criminal.
Friday 6 November · 14:01 · 1 min read
In 30 seconds
What happened
The US Treasury’s Office of Foreign Assets Control announced sanctions on four people and 41 entities linked to Prince Group, which the United States designates a transnational criminal organization. The named individuals are Qiu Yong, Visal Pang, Zhao Mengyao and He Yujing. The US says the people and entities supported the group’s operations; the measures block or freeze assets and interests under US jurisdiction. The reports describe the allegations as US government claims, not court findings.
Why it matters
The sanctions affect assets and financial dealings under US jurisdiction, and are part of US measures targeting the alleged network. The reports do not say what effect the new measures will have on Cambodia’s wider economy.
Background
The reports say this follows US sanctions in October 2025 and June 2026 targeting Prince Group leaders, linked companies and people involved in financial operations. The US says the group used sophisticated online fraud schemes targeting victims in the US and elsewhere, including operations from large scam compounds in Southeast Asia.
Key terms
- Sanctions
- Restrictions imposed by a government, such as blocking assets or limiting transactions.
- OFAC
- The US Treasury office that administers many US financial sanctions.
- Transnational criminal organization
- A criminal group whose activities or networks cross national borders.
- Blocked assets
- Assets that cannot be transferred or used under the applicable restrictions.
Timeline
- October 2025 The US imposed earlier sanctions targeting Prince Group leaders and associated parties, according to the reports.
- June 2026 The US imposed another round of measures against people and companies linked to the group.
- November 5–6, 2026 The US announced sanctions on four individuals and 41 entities linked to Prince Group.
Sources (4)
[1] Kampuchea Thmey អាមេរិក ដាក់ទណ្ឌកម្មបង្កកទ្រព្យសម្បត្តិលើបុគ្គលចំនួន ៤រូប ពាក់ព័ន្ធក្រុមហ៊ុនព្រីនស៍ មានមូលដ្ឋាននៅកម្ពុជា 6 Nov Read original [2] The Phnom Penh Post Net wides as fresh US sanctions emerge against Prince Group associates 6 Nov Read original [3] Fresh News សហរដ្ឋអាមេរិក ដាក់ទណ្ឌកម្មលើបុគ្គលចំនួន ៤រូប និងអង្គភាពចំនួន ៤១ ដែលជាប់ពាក់ព័ន្ធជាមួយ Prince Group នៅកម្ពុជា 6 Nov Read original [4] Post Khmer អាមេរិកដាក់ទណ្ឌកម្មបុគ្គល ៤នាក់ និងក្រុមហ៊ុន ៤១ ពាក់ព័ន្ធនឹង Prince Group 6 Nov Read originalWas this explainer clear?
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