US sanctions hit 41 companies accused of keeping Prince Group’s scam network running
Summary
The US Treasury sanctioned four people and 41 entities on November 5, 2026, saying they helped sustain Prince Group’s operations through offshore structures, concealed ownership and commercial activity. OFAC links the network to online investment and romance scams, with some operations involving trafficked and coerced workers in Southeast Asian compounds. The designations block relevant property under US jurisdiction and generally prohibit transactions by US persons; OFAC’s 50% ownership rule can also extend restrictions to entities owned by blocked persons. The action adds to earlier Prince Group sanctions and targets companies connected to its executives and associates.
