South Korea became the latest country to impose sanctions on Prince Group, a multinational network accused of running large-scale fraud operations across Southeast Asia.
Seoul’s move follows similar actions by the U.S., UK, and Singapore.
In a statement Thursday, South Korea’s Ministry of Foreign Affairs said that the measures mark the country’s first independent sanctions regarding transnational crime and the “largest single sanction measure in history,” according to a Google translation.
“It shows the government’s firm determination to actively respond to online organized crime in Southeast Asia that is causing serious damage at home and abroad,” the statement added.
Prince Group is accused of operating large-scale online ‘scam centers’ in Cambodia and Myanmar that used trafficked workers to defraud victims around the world. South Korean sanctions target 15 people and 132 entities linked to the network.
