OFAC has designated the Prince Group, a sprawling commercial enterprise in Bulgaria, along with its owners and key associates, under the Global Magnitsky program. The designation targets the group for its extensive involvement in public corruption, including bribery, contract rigging, and misuse of EU funds. The action freezes any U.S. assets of the designated persons and generally prohibits U.S. persons from dealing with them, aiming to disrupt a major network that has undermined the rule of law in Bulgaria.