Overview

• OFAC designated nine targets tied to Shwe Kokko in Myanmar and ten in Cambodia, with Myanmar operations described as operating under protection of the sanctioned Karen National Army.
• The sanctions block property, bar transactions by U.S. persons, trigger reporting to OFAC, and extend under the 50 Percent Rule to entities majority-owned by designated parties.
• Named Myanmar-linked targets include Tin Win, Saw Min Min Oo, She Zhijiang, Yatai International Holdings and related Chit Linn Myaing entities; Cambodia designations include T C Capital, K B Hotel, Heng He entities, HH Bank Cambodia, Dong Lecheng, Xu Aimin, Chen Al Len and Su Liangsheng.
• U.S. officials describe the compounds as using trafficking, debt bondage, violence and threats of forced prostitution to coerce workers into “pig-butchering” romance and virtual-currency investment scams.
• Treasury and industry reporting note increased compliance pressure on banks, payment providers and crypto venues as scammers route funds via stablecoins, prompting tracing and asset freezes by exchanges and issuers.