"Treasury Sanctions Southeast Asian Networks Targeting Americans with Cyber Scams", 8 September 2025

… the Department of the Treasury’s Office of Foreign Assets Control (OFAC) implemented sanctions against large network 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 Shwe Kokko, Burma, a notorious hub for virtual currency investment scams under the protection of the OFAC-designated Karen National Army (KNA), as well as ten targets based in Cambodia.

“Southeast Asia’s cyber scam industry not only threatens the well-being and financial security of Americans, but also subjects thousands of people to modern slavery,” said Under Secretary of the Treasury for Terrorism and Financial Intelligence John K. Hurley. “In 2024, unsuspecting Americans lost over $10 billion due to Southeast Aisa-based scams and under President Trump and Secretary Bessent’s leadership, Treasury will deploy the full weight of its tools to combat organized financial crime and protect Americans from the extensive damage these scams can cause.”

Today’s action targets the ownership structures and operators that perpetuate these scams and builds on a series of actions, including in the last several months, taken by Treasury to combat cyber scams and the serious human rights abuse that enables them…

…. OFAC is designating Tin Win, Saw Min Min Oo, and Chit Linn Myaing Co., pursuant to E.O. 13581, as amended, and pursuant to E.O. 14014, for having acted or purported to act for or on behalf of, directly or indirectly, the Karen National Army.

OFAC is designating Chit Linn Myaing Toyota Company Limited and Chit Linn Myaing Mining & Industry Company Limited, pursuant to E.O. 13581, as amended, and pursuant to E.O. 14014, for having acted or purported to act for or on behalf of, directly or indirectly, Saw Chit Thu.

OFAC is designating Shwe Myint Thaung Yinn Industry & Manufacturing Company Limited pursuant to E.O. 13581, as amended, and pursuant to E.O. 14014 for having acted or purported to act for or on behalf of, directly or indirectly, Tin Win.

OFAC is designating She Zhijiang, Yatai International Holdings Group Limited, and Myanmar Yatai International Holding Group Co., Ltd pursuant to E.O. 13818, for being foreign persons who are responsible for or complicit in, or who have directly or indirectly engaged in, serious human rights abuse.

… OFAC is designating T C Capital, K B Hotel, Heng He Bavet, M D S Heng He, Dong, Xu, Chen, and Su pursuant to E.O. 13694, as amended, for having materially assisted, sponsored, or provided financial, material, or technological support for, or goods or services to or in support of cyber-enabled activities originating from, or directed by persons located, in whole or substantial part, outside the United States that is reasonably likely to result in, or has materially contributed to, a threat to the national security, foreign policy, or economic health or financial stability of the United States and that have the purpose of or involve causing a misappropriation of funds or economic resources, intellectual property, proprietary or business confidential information, personal identifiers, or financial information for commercial or competitive advantage or private financial gain.

OFAC is designating K B X Investment pursuant to E.O. 13694, as amended, for being owned or controlled by, or having acted or purported to act for or on behalf of, directly or indirectly, Xu. OFAC is designating HH Bank pursuant to E.O. 13694, as amended, for being owned or controlled by, or having acted or purported to act for or on behalf of, directly or indirectly, Chen, and also pursuant to E.O. 13694, as further amended, for being owned or controlled by, or having acted or purported to act for or on behalf of, directly or indirectly, Su…