Department of the Treasury Sanctions Cambodian Senator Accused of Running Crypto Scams

The financial intelligence and enforcement agency of the U.S. Treasury Department is announcing sanctions against a Southeast Asian lawmaker and businessman. The Treasury Department’s Office of Foreign Assets Control (OFAC) says it has sanctioned Cambodian senator and tycoon Ly Yong Phat as well as his businesses L.Y.P. Group and O-Smach Resort over alleged involvement in […] source: https://dailyhodl.com/2024/09/18/department-of-the-treasury-sanctions-cambodian-senator-accused-of-running-crypto-scams/