Company
Ostensibly a Cambodian corporate conglomerate that US authorities allege was a transnational criminal organisation operating forced-labour scam compounds.
UK authorities have frozen the £8.9 million London penthouse of Thet Li, alleged Prince Group finance chief, The Times reported. The flat is the smallest of the five London properties on the paper's list.
Reality
OFAC listed the Xinbi marketplace and two software developers on September 9, with 52 TRON addresses that Chainalysis says received more than $8.4bn in stablecoins against Treasury's $24bn count for the platform.
Reality
The memorandum signed Thursday commits both agencies to an in-person disruption event with private industry partners, hosted by the National Crime Agency in London in early October, on cases they had already found overlapping.
Reality
A recruiter's Hong Kong prison term stands, and the proceeds it fed ran on stablecoins. The gap between traced fraud flows and estimated global losses shows where screening is not looking.
Reality
Beijing's crackdown on Southeast Asian scam compounds is driven by domestic outrage, and one expert told Congress the effect so far has been syndicates pivoting to target Americans.
Reality