U.S. Imposes Sanctions on Philippines Firm Involved in Cryptocurrency Scams

The U.S. government has imposed sanctions on Windward Logistics Inc., a Philippine firm accused of facilitating financial transactions linked to cryptocurrency scams. This action showcases the ongoing global crackdown on illicit activities within the digital currency sphere. The sanctioned firm, which was instrumental in processing financial transactions that allegedly contributed to various cyber scams and operations, faces restrictions due to its involvement with these fraudulent schemes.