The U.S. Treasury's Office of Foreign Assets Control added four individuals and 41 entities to sanctions lists on November 5 in an action targeting the business network it attributes to Prince Group. The designations extend earlier measures against the group's leadership to additional companies and people that Treasury says sustained its operations.
Treasury's announcement links the action to alleged cyber-enabled fraud, including digital-asset investment scams. It says the newly designated network provided corporate administration, offshore ownership structures and business services to previously sanctioned executives.
Forty-five Prince Group targets, plus a separate designation
The 45 Prince Group-related targets comprise four people and 41 companies. Treasury separately designated Malaysian national Chui Kok Wa under a cyber-related sanctions authority over an alleged Madagascar-based scam network. That additional designation is outside the 45-target Prince Group count.
The four people in the Prince Group action are Qiu Yong, Zhao Mengyao, He Yujing and Visal Pang. Treasury describes companies operating across several jurisdictions and sectors, including lending, logistics, construction and hospitality. These descriptions are the agency's stated grounds for sanctions, rather than findings from a criminal trial.
The November 5 SDN list update records the additions. It also contains unrelated Cuba measures, so the entire daily update should not be counted as one Prince Group action.
A change to designated counterparties
According to Treasury, the action blocks designated persons' property within U.S. jurisdiction or U.S. persons' possession or control. The announcement also describes blocking for entities owned at least 50 percent, individually or in aggregate, by blocked persons. Its general transaction restrictions remain subject to authorizations and exemptions.
The new development is the expansion of named sanctions targets. Treasury dates the earlier Prince Group actions to October 14, 2025 and June 23, 2026. A designation establishes a sanctions status; it does not by itself establish a new asset seizure, recovery for victims or criminal conviction.