Overview

• The UK and US named Chen Zhi and entities including The Prince Group, Jin Bei Group, Golden Fortune Resorts World Ltd., and Byex Exchange in a joint sanctions package.
• UK authorities froze assets linked to the network, including a £12 million Avenue Road mansion, a £100 million Fenchurch Street office building, and 17 London flats.
• Officials say the network operates scam centres in Cambodia and Myanmar that coerce trafficked workers and run romance schemes feeding fraudulent crypto investments.
• The action follows investigations by the UK Foreign, Commonwealth & Development Office and the US Office of Foreign Assets Control and takes immediate effect in the UK financial system.
• Ministers framed the move as victim protection and dirty‑money disruption, citing an expanded UK Fraud Strategy and plans for a Global Fraud Summit.