US sanctions 45 targets linked to Prince Group crypto scam
CIE News ·
Based on reporting by Decrypt; not yet independently confirmed.
OFAC has sanctioned 45 additional targets tied to the Prince Group crypto scam network, citing efforts by offshore firms and associates to conceal assets and evade earlier sanctions, according to Decrypt.
The US Office of Foreign Assets Control sanctioned 45 additional targets tied to the alleged Prince Group crypto scam empire on November 6, according to Decrypt. The regulatory agency stated that the designated entities include offshore companies and associates that allegedly helped Prince Group executives hide assets and evade previously imposed sanctions. Decrypt reported that this enforcement action forms part of broader US regulatory measures aimed at dismantling the network.
Key facts
- 45 targets sanctioned
- Prince Group scam empire
- OFAC enforcement action