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

The U.S. Treasury Department has imposed sanctions on the Cambodian conglomerate 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, but Prince Group maintains that it operates in accordance with international standards. The implications of these sanctions could affect the company's operations and reputation, raising questions about the broader impact on Cambodia's business environment.