#FinancialSanctions

Cambodian senator sanctioned by US over alleged forced labor cyber-scam camps

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September 13, 2024 at 01:34AM The US Department of the Treasury’s Office of Foreign Assets Control imposed sanctions on Cambodian entrepreneur and senator Ly Yong Phat for his involvement in serious human rights abuses at O Smach Resort. The resort is alleged to be a forced labor camp operated by cyber scammers engaging in fraudulent … Read more

North Korean scammers plan wave of stealth attacks on crypto companies, FBI warns

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September 4, 2024 at 09:23PM The FBI warned of North Korean operatives planning intricate social engineering attacks on DeFi organization employees to steal cryptocurrency. The scammers use sophisticated tactics and target cryptocurrency-related businesses. North Korea’s efforts to obtain digital assets have become more refined, posing cybersecurity risks. The FBI also provided indicators of potential scam … Read more