US EditionUS Treasury Sanctions Burmese Armed Group, Companies Over Cyber Scam Centers Targeting Americans
- The United States imposed financial sanctions on the Democratic Karen Benevolent Army and associated entities for supporting cyber scams targeting Americans, as announced by the U.S. Treasury Department.
- Five individuals and three entities were sanctioned for their involvement in fraudulent investment scams and forced labor, according to a statement from the Department of State.
- In 2024, Americans reportedly lost at least $10 billion to Southeast Asia-based scams, a 66% increase from the previous year, according to U.S. government estimates.
- The U.S. government plans to investigate and prosecute scam centers operating in Burma, Cambodia, and Laos through a newly created Scam Center Strike Force.
12 Articles
12 Articles
US Sanctions Entities in Myanmar, Thailand for 'fraudulent Investment Scams Online'
Get latest articles and stories on World at LatestLY. The United States has sanctioned five individuals and three entities located in Myanmar and Thailand, alleging their involvement in "forced labor compounds that carry out fraudulent investment scams online", the Department of State announced in a statement on Wednesday (local time). World News | US Sanctions Entities in Myanmar, Thailand for 'fraudulent Investment Scams Online'.
US Treasury Sanctions Burmese Armed Group, Companies Over Cyber Scam Centers Targeting Americans
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) today imposed sanctions on the Democratic Karen Benevolent Army (DKBA), a Burmese armed group, and four of its senior leaders. The sanctions were issued for their role in supporting cyber scam centers in Burma that use fraudulent investment schemes to target Americans. Key […] US Treasury Sanctions Burmese Armed Group, Companies Over Cyber Scam Centers Targeting Americ…
US sanctions Myanmar armed group over scams
WASHINGTON (AFP): The United States announced Wednesday that it was imposing sanctions on an armed Myanmar group — alongside four of its senior leaders — accusing them of supporting cyber scam centers that target Americans. The action took aim at the Democratic Karen Benevolent Army (DKBA), alongside companies Trans Asia and Troth Star, for their alleged roles in helping to develop these scam centers, the US Treasury Department said. “The revenu…
The US Treasury Department on November 12 announced the imposition of sanctions on the DKBA armed group in Myanmar, along with four senior leaders of this group, for allegedly supporting online fraud centers targeting Americans, according to AFP.
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