US & UK Target Major Southeast Asian Cyber Fraud Ring in Largest Sanctions Action

The U.S. Treasury Department, in collaboration with the U.K.’s Foreign, Commonwealth and Development Office (FCDO), has launched a sweeping action against a major Southeast Asian cyber fraud ring, targeting individuals and entities responsible for financial crimes. The sanctions are unprecedented in scope and impact, severing ties between Huione Group and U.S. financial systems and freezing assets associated with the group.