Wu learned that the U.S. Treasury Department announced on November 5th a new round of sanctions against four individuals and 41 entities linked to the Prince Group, a transnational criminal organization in Cambodia. The sanctioned individuals include Qiu Yong, Zhao Mengyao, He Yujing, and Visal Pang. Qiu Yong is accused of controlling multiple companies in the British Virgin Islands and Hong Kong on behalf of the Prince Group, with Zhao Mengyao serving as his personal assistant. He Yujing is the wife of Chen Bo, a previously sanctioned executive of the Prince Group, who transferred his Tokyo mansion to her name. Pang controls 11 Cambodian companies. The U.S. Treasury Department stated that the sanctions aim to combat the Prince Group's use of offshore companies, nominee arrangements, and affiliated companies to conceal assets and evade previous sanctions. In addition, the U.S. also sanctioned Chui Kok Wa, a Malaysian national suspected of organizing a digital asset fraud operation in Madagascar, whose network allegedly defrauded U.S. victims of over $400,000. https://(wublock123.com)/news/us-treasury-sanctions-prince-group-linked-4-individuals-41-entities-71445