US sanctions 19 Southeast Asian online fraud entities

PANews reported on September 9th that, according to Lianhe Zaobao, the US Treasury Department announced sanctions against 19 online fraud entities operating in Myanmar and Cambodia, including nine in Myanmar and ten in Cambodia. Some of these entities were protected by the Karen National Army ( KNA ). The US Treasury stated that these groups used forced labor and violence to coerce victims into participating in virtual currency investment scams. In 2024 , the US lost over $ 10 billion to Southeast Asian-related scams.

Share to:

Author: PA一线

This content is for market information only and is not investment advice.

Follow PANews official accounts, navigate bull and bear markets together
PANews APP
Platform X has adjusted its creator revenue sharing rules, reducing the share of aggregated accounts' earnings to 60%, and will crack down on plagiarism, reposting, and clickbait content.
PANews Newsflash