OFAC targets Southeast Asian cyber scam networks in Myanmar and Cambodia for defrauding Americans of $10B+, freezing their assets and banning U.S. transactions

The designations target key individuals, companies, and financial facilitators linked to the scam operations, freezing their U.S. assets and prohibiting U.S. persons from engaging in transactions with them. By cutting off access to the U.S. financial system, OFAC aims to disrupt the network’s ability to profit from cyber fraud, modern slavery, and illicit cross-border activities…