UK Sanctions Global Scam Networks, Freezes Crypto-Linked Assets
The UK has imposed sweeping sanctions on international scam networks, targeting entities exploiting vulnerable individuals through fraudulent crypto schemes. These measures aim to protect British citizens from online scams while disrupting illicit financial flows.
Among the sanctioned entities is Legend Innovation Co., operator of Cambodia's largest scam center '8 Park.' Its director Eang Soklim faces asset freezes. The sanctions also hit Xinbi, a Chinese-language platform accused of laundering crypto for Southeast Asian criminals—including funds tied to North Korea.
Notable figures like Thet Li, a key aide to fugitive businessman Chen Zhi, were sanctioned for managing shadow financial networks across Taiwan and Southeast Asia. The UK government emphasized these actions will immediately disrupt operations funding human rights abuses in scam centers.
