The renowned Prince Group and Huiwang Group have been sanctioned. The U.S. Treasury Department's Office of Foreign Assets Control (OFAC) has imposed comprehensive sanctions on 146 "transnational criminal organizations," including Prince Group and Huiwang Group in Cambodia. OFAC stated that Prince Group, based in Cambodia and led by Cambodian citizen Chen Zhi (actually from Fujian Province), operates a transnational criminal empire through online investment scams targeting Americans and others around the world. Separately, FinCEN has decided to take measures to sever Huiwang Group's ties to the U.S. financial system. "For years, the Huione Group has laundered proceeds from cryptocurrency scams and thefts on behalf of malicious cyber actors."