US Treasury Sanctions Cambodian Tycoon Over Crypto Fraud and Trafficking Links

Publikováno: 13.9.2024

#Regulation #Businesses #Cambodia #cambodian #Crypto #Cryptocurrency #cyber #forced labor #Fraud #human trafficking #labor #Ly Yong Phat #LYP Group #OFAC #Sanctions #Scams #trafficking #Treasury #Tycoon #U.S. Treasury #Virtual Currency

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U.S. Sanctions Cambodian Tycoon Over Crypto Fraud and Trafficking Links

The U.S. Department of the Treasury has imposed sanctions on Cambodian tycoon Ly Yong Phat and his businesses, linking them to human trafficking and forced labor scams involving cryptocurrency fraud. Victims were manipulated into online scam centers, and trafficked workers were forced into labor for these schemes. The sanctions freeze U.S.-based assets and prohibit transactions, […]