US Steps Up Efforts to Dismantle the Prince Group with New Sanctions

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The United States has expanded its sanctions against the Cambodia-based business conglomerate Prince Group, declared a Transnational ...

PHNOM PENH – The United States has expanded its sanctions against the Cambodia-based business conglomerate Prince Group, declared a Transnational Criminal Organization (TCO), for a third time, targeting four more individuals and 41 entities.

Following sanctions issued in October 2025 and June 2026 against the group’s leaders and affiliated companies, this latest list targets individuals and affiliated companies that continue to provide material support to the Prince Group. These include Qiu Yong, Zhao Mengyao, He Yujing and Visal Pang. The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is implementing these sanctions.

The newly sanctioned individuals and entities were identified by the U.S. authorities as having helped sustain the Prince Group’s illicit global operations by managing offshore corporate structures, hiding beneficial ownership, facilitating…

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