U.S. Sanctions Cambodian Conglomerate, Citing Role in ‘Pig-Butchering’ Scams

The U.S. Treasury Department has imposed sanctions on the Prince Group, designating it as a criminal organization due to its alleged involvement in 'pig-butchering' scams. This move highlights the U.S. government's commitment to combating financial fraud and protecting consumers. The Prince Group, however, maintains that it operates in accordance with international standards, raising questions about the implications of these sanctions on its business operations and reputation.