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US Treasury Sanctions Cambodian Tycoon Over Crypto Fraud and Trafficking Links

Post author:MiamiCrypto
Post published:September 13, 2024
Post category:Businesses Cambodia cambodian Crypto Cryptocurrency cyber forced labor Fraud human trafficking labor Ly Yong Phat LYP Group OFAC Regulation Sanctions Scams trafficking Treasury Tycoon U.S. Treasury Virtual Currency

The U.S. Department of the Treasury has imposed sanctions on Cambodian tycoon Ly Yong Phat and his businesses, linking them to human trafficking and forced labor scams involving cryptocurrency fraud.…

FinCEN Finds Increased Cryptocurrency Involvement in Human Trafficking

Post author:MiamiCrypto
Post published:February 15, 2024
Post category:Bitcoin (BTC)child exploitation Crypto Cryptocurrency fincen human trafficking legal

The Financial Crimes Enforcement Network (FinCEN) has released an analysis that reports an alleged increase in the use of cryptocurrency in human trafficking cases. According to FinCEN, reports of cryptocurrency…