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U.S. Sanctions 19 Targets Tied to Myanmar and Cambodia Scam Compounds

The action aims to cut off financial lifelines by spotlighting the forced‑labor machinery behind large‑scale online fraud.

Victims of scam centers who were tricked or trafficked into working in Myanmar, are stuck in limbo at a compound inside the KK Park, a fraud factory, and a human trafficking hub on the border with Thailand-Myanmar after a multinational crackdown on the compounds run by criminal gangs, operated by the Karen Border Guard Force (BGF) in Myawaddy, Myanmar, February 26, 2025. REUTERS/Stringer/File Photo
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Washington, DC, USA - June 24, 2022: Exterior view of the Department of the Treasury Building (USDT) in Washington, DC.
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Overview

  • OFAC named nine operators linked to Shwe Kokko/Yatai New City in Myanmar and ten tied to Cambodian compounds built around former casinos.
  • Treasury cited a U.S. estimate that Americans lost at least $10 billion to these schemes in 2024, a 66% increase from the prior year.
  • Designations block U.S. property, trigger the 50% ownership rule, and generally bar transactions by U.S. persons with the listed parties.
  • Named figures and firms include She Zhijiang and Yatai entities in Myanmar, and in Cambodia T C Capital, K B Hotel, Heng He entities, HH Bank Cambodia, Dong Lecheng and Xu Aimin.
  • Officials describe coerced workforces running “pig‑butchering” romance and fake‑investment scams, with recruiters seeking English speakers and imposing daily contact quotas.