US sanctions hit 41 companies accused of keeping Prince Group’s scam network running
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OFAC sanctioned four people and 41 entities on November 5 for supporting Prince Group's business network. Treasury says offshore ownership structures and business services helped Prince Group sustain operations after earlier sanctions.
US blocking rules also cover entities owned at least 50% by blocked persons, including aggregated holdings. The US sanctioned four people and 41 entities on November 5, 2026, targeting a corporate network that Treasury says sustained Prince Group's operations after earlier sanctions.
The designations subject covered assets to US blocking and reporting requirements, with restrictions also reaching companies that meet OFAC's ownership threshold. The Office of Foreign Assets Control (OFAC) said the network helped Prince Group, which it has designated a transnational criminal organization, manage offshore structures, conceal beneficial ownership and maintain commercial activities.
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© CryptoSlate
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OFAC sanctioned four people and 41 entities on November 5 for supporting Prince Group's business network. Treasury says offshore ownership structures and business services helped Prince Group sustain operations after earlier sanctions.
US blocking rules also cover entities owned at least 50% by blocked persons, including aggregated holdings. The US sanctioned four people and 41 entities on November 5, 2026, targeting a corporate network that Treasury says sustained Prince Group's operations after earlier sanctions.
The designations subject covered assets to US blocking and reporting requirements, with restrictions also reaching companies that meet OFAC's ownership threshold. The Office of Foreign Assets Control (OFAC) said the network helped Prince Group, which it has designated a transnational criminal organization, manage offshore structures, conceal beneficial ownership and maintain commercial activities.
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© CryptoSlate
