The U.S. Department of the Treasury has announced new sanctions targeting Prince Group, an organisation allegedly linked to international cyber fraud operations. The latest sanctions designate four individuals and 41 companies, including Cambodia-based Prince International Airlines.
According to the U.S. Treasury Department, Prince Group generated billions of dollars through various fraudulent schemes, primarily cryptocurrency investment scams and online romance scams. The group is also accused of using forced labour in its operations.
In addition to Prince International Airlines, the sanctions list includes insurance company CB General Insurance and several businesses operating in Hong Kong, Singapore, Malaysia, Mauritius and the British Virgin Islands. U.S. authorities believe these companies were used to conceal assets and circumvent previously imposed sanctions.
The measures represent the third round of sanctions against Prince Group, following earlier actions in October 2025 and June 2026. Under the latest restrictions, assets belonging to the designated individuals and entities within U.S. jurisdiction will be frozen. U.S. citizens and companies will also be prohibited from conducting transactions with the sanctioned entities.
However, the U.S. Treasury Department’s announcement did not include any allegations that Prince International Airlines had been directly involved in illegal cargo transportation or money laundering activities.
Founded in Cambodia in 2017 and headquartered in Phnom Penh, Prince International Airlines operates a Gulfstream G650ER business jet registered in the United States as N9527C.
