US sanctions 19 entities in Myanmar and Cambodia over cyber scam centers
The post US sanctions 19 entities in Myanmar and Cambodia over cyber scam centers appeared on BitcoinEthereumNews.com. The United States Treasury Department announced sanctions targeting 19 entities in Myanmar and Cambodia, accused of running scams defrauding Americans and other victims of billions of dollars. The departments estimated that close to $10 billion is lost through such scams, and they are often run by trafficked labor. The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) revealed that nine of the sanctioned targets are in Shwe Kokko town in Myanmar, which has become the center of online scams, and ten additional sites target entities linked to scams in Cambodia. Treasury targets Cambodian scam hubs John K Hurley, Secretary of the Treasury for Terrorism and Financial Intelligence, said that the designations show the dual threat posed by the networks. He added that Southeast Asia’s cyber crimes threaten the well-being and financial security of Americans, alongside thousands of subjects to modern slavery. He noted that the losses have increased by 66% compared to the previous year, now closing to $10 billion. Today, Treasury’s Office of Foreign Assets Control implemented sanctions against networks of scam centers across Southeast Asia that steal billions of dollars from Americans using forced labor and violence. The action includes nine targets operating in Burma, a notorious hub for… — Treasury Department (@USTreasury) September 8, 2025 Marco Rubio, U.S. Secretary of State, said the measure aims to protect Americans from industrial-scale fraud, forced labor, and physical and sexual abuse. He acknowledged that Southeast Asia’s Criminal actors have increasingly targeted and exploited U.S. citizens and other foreign victims through cyber fraud. The sanctions targeted individuals linked to the Karen National Army (KNA), an ethnic militia group that collaborated with the Burmese military. The U.S. cited that the KNA has benefited from scam compounds in Shwe Kokko, sanctioning its leader, Saw Chit Thu, alongside his deputies, Tin Win and…
The post US sanctions 19 entities in Myanmar and Cambodia over cyber scam centers appeared on BitcoinEthereumNews.com.
The United States Treasury Department announced sanctions targeting 19 entities in Myanmar and Cambodia, accused of running scams defrauding Americans and other victims of billions of dollars. The departments estimated that close to $10 billion is lost through such scams, and they are often run by trafficked labor. The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) revealed that nine of the sanctioned targets are in Shwe Kokko town in Myanmar, which has become the center of online scams, and ten additional sites target entities linked to scams in Cambodia. Treasury targets Cambodian scam hubs John K Hurley, Secretary of the Treasury for Terrorism and Financial Intelligence, said that the designations show the dual threat posed by the networks. He added that Southeast Asia’s cyber crimes threaten the well-being and financial security of Americans, alongside thousands of subjects to modern slavery. He noted that the losses have increased by 66% compared to the previous year, now closing to $10 billion. Today, Treasury’s Office of Foreign Assets Control implemented sanctions against networks of scam centers across Southeast Asia that steal billions of dollars from Americans using forced labor and violence. The action includes nine targets operating in Burma, a notorious hub for… — Treasury Department (@USTreasury) September 8, 2025 Marco Rubio, U.S. Secretary of State, said the measure aims to protect Americans from industrial-scale fraud, forced labor, and physical and sexual abuse. He acknowledged that Southeast Asia’s Criminal actors have increasingly targeted and exploited U.S. citizens and other foreign victims through cyber fraud. The sanctions targeted individuals linked to the Karen National Army (KNA), an ethnic militia group that collaborated with the Burmese military. The U.S. cited that the KNA has benefited from scam compounds in Shwe Kokko, sanctioning its leader, Saw Chit Thu, alongside his deputies, Tin Win and…
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