OFAC imposes Transnational Criminal Organization-related sanctions

OFAC imposed blocking sanctions on eight individuals (three in Cambodia, three in Hong Kong, one in Singapore, and one in the United Kingdom) and 26 entities (11 in the United Kingdom, 10 in Hong Kong, two in British Virgin Islands, one in Cambodia, one in Singapore, and one in Thailand) under its Transnational Criminal Organizations sanctions program for operating digital asset investment scams that defraud Americans. In addition, OFAC modified the designation of one individual, Hu Xiaowei, previously designated in October 2025 under the alias Chen Xiao'er, updating his record to reflect his proper name and additional aliases. The designations target Prince Group TCO leadership, including Hu Xiaowei, the organization's second-in-command, along with investors in scam compounds and members of a subordinate business network controlling companies across Asia and the United Kingdom used to launder billions of dollars from cryptocurrency fraud and money laundering operations.