UK expands sanctions on alleged Prince Group scam network, freezing high-value London assets
The United Kingdom has intensified its crackdown on transnational financial crime by expanding sanctions against individuals and entities allegedly linked to Cambodia’s controversial Prince Group, a conglomerate accused of operating scam centers associated with forced labor and human trafficking. The latest measures, announced on March 26 by the Foreign, Commonwealth & Development Office (FCDO), represent a significant escalation in coordinated Western efforts to dismantle illicit financial networks tied to Southeast Asia.
According to the FCDO, the new sanctions target several high-profile individuals believed to play central roles in the Prince Group’s global financial operations. The move follows an earlier sanctions package implemented in collaboration with the US Department of the Treasury in October 2025. British authorities confirmed that a wide range of UK-based assets linked to the network-many of them luxury properties in London-have been frozen or seized.
In its official statement, the FCDO revealed that the sanctions would result in the freezing of “a number of London properties,” adding to previously restricted assets. These include a £100 million office building in the City of London, multiple multi-million-pound mansions, and even a helicopter. The scale and diversity of the assets highlight the extent to which alleged proceeds from criminal operations were integrated into legitimate financial systems.
At the center of the latest sanctions is Hu Xiaowei, a figure described by investigators as a key financial operator within the Prince Group network. Hu is known to have used multiple aliases-including Hu Shi, Chen........
