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OFAC expands sanctions on the Prince Group network

Topic: Investment schemes
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Contents

At a glance

The US designated four people and 41 entities linked to Prince Group. Official records distinguish these measures from a separate Madagascar scam designation.

Four people and 41 entities designated

The US Treasury announced on 5 November 2026 that OFAC had sanctioned four people and 41 entities supporting the Prince Group network. Treasury links the network to online investment fraud, including digital-asset scams, money laundering and human trafficking. The action extends earlier measures taken in October 2025 and June 2026.

According to Treasury, the newly targeted people and businesses helped maintain offshore corporate structures, conceal beneficial ownership and support executives already under sanctions. The announcement focuses on the companies and intermediaries that authorities say allowed the network to continue operating across jurisdictions. These are the US authorities’ stated grounds for sanctions, not a new criminal verdict. [1]

What the official list confirms

OFAC’s dated list update names He Yujing, Visal Pang, Qiu Yong and Zhao Mengyao among the additions tagged for transnational criminal organisations. It also identifies companies by registered names, locations and registration details. Examples include Chen Hua Holdings in Singapore, Greenmeadows Properties in Malaysia and Meritwise Group in Mauritius. The entries specify links to previously designated people.

The same daily update contains unrelated Cuba measures and the separate designation of Chui Kok Wa under a cyber-related programme. Readers should not count every entry on that page as part of Prince Group. Treasury describes Chui’s case as involving a Madagascar-based scam network. The two official documents serve different purposes: the release explains the action, while the list identifies designated parties. Both come from US Treasury and do not provide independent corroboration of each allegation. [2]

Blocking does not establish repayment

Treasury says the measures block designated parties’ property within US jurisdiction or in the possession or control of US persons. Its notice also describes the rule covering entities owned 50 percent or more, directly or indirectly and in aggregate, by blocked persons. Licences and exemptions can affect the transaction prohibitions.

The announcement gives no amount returned to victims through this action. A sanctions designation alone does not demonstrate that authorities located a particular victim’s funds or arranged compensation. When assessing claims about recovery, keep the designation notice separate from any later seizure, forfeiture or repayment document. Those later records would need their own verification. [1]

Evidence & sources

Source record: · Checked:

Record limits · Sources dated 5 November 2026, checked 6 November. Official sanctions grounds are attributed; no repayment result established.

  1. [1]Source reported

    Treasury announced sanctions against four people and 41 entities supporting the Prince Group network.

    Supporting excerpt: Treasury: sanctions against Prince Group network, 5 November 2026

    Original quotation

    four individuals and 41 entities
    Treasury: sanctions against Prince Group network, 5 November 2026 ↗

    Source language: EN · Captured Nov 6, 2026

  2. [2]Source reported

    OFAC published named SDN additions on 5 November.

    Supporting excerpt: OFAC: SDN list additions, 5 November 2026

    Original quotation

    Specially Designated Nationals List Updates
    OFAC: SDN list additions, 5 November 2026 ↗

    Source language: EN · Captured Nov 6, 2026