US Sanctions 45 More Targets Linked to Prince Group
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The U.S. Treasury added 45 more entities and individuals to its SDN list over links to Cambodia's Prince Group, expanding a sanctions dragnet that already covers the conglomerate's crypto operations. The update designates no new crypto addresses, but U.S. firms must still block covered assets and avoid unauthorized dealings with the newly listed parties. The action matters because it widens compliance obligations across counterparties tied to Prince Group even without fresh wallet-level targets, forcing exchanges and brokers to screen business relationships rather than just addresses. Watch for whether OFAC later attaches specific wallet addresses to these designations and how crypto platforms update their sanctions screening for indirect exposure.
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Prince Group, US Treasury