Summary
The UK government has imposed sanctions on two Chinese men accused of running large-scale scam operations in Cambodia and Myanmar. Their assets, including properties in London, have been frozen as part of efforts to crack down on scams targeting vulnerable people worldwide. The UK is working with the U.S. to address these activities.
Key Facts
- The UK sanctioned Chen Zhi and Qiu Wei Ren for alleged large-scale scams.
- The scams involved forced labor in Cambodia and Myanmar, targeting people globally through fake romance and cryptocurrency schemes.
- The men's assets, including 19 properties in London, have been frozen.
- The properties seized include a nearly £100m property and a £12m mansion.
- The sanctions are part of a joint operation with U.S. authorities.
- Chen allegedly used The Prince Group company for building scam centers and laundering money.
- The scams involved foreign nationals forced to work under threat.
- In the U.S., Chen faces charges of wire fraud conspiracy and money laundering conspiracy.
