US Sanctions 45 Individuals and Entities Linked to Prince Group

On November 7, according to an announcement by the U.S. Department of the Treasury, its Office of Foreign Assets Control (OFAC) sanctioned four individuals and 41 entities on November 5 for supporting the commercial network of the Prince Group transnational criminal organization. The group was previously sanctioned by the United States for online fraud, money laundering, and human trafficking.

The Treasury stated that personnel affiliated with the Prince Group have obtained illicit proceeds through online fraud schemes, including digital asset investment scams; those targeted in this action are involved in managing offshore companies, concealing beneficial ownership, and providing administrative and financial services to senior executives of the group.