WASHINGTON, D.C. — The U.S. Treasury Department sanctioned Xinbi Guarantee and two entities supporting its operations last week, escalating federal efforts to disrupt overseas networks accused of facilitating cyber scams, fraud and money laundering targeting Americans.
The Office of Foreign Assets Control designated Xinbi Guarantee as a transnational criminal organization under federal sanctions authorities. Treasury described Xinbi as a Chinese-language platform operating an illicit online marketplace used by cybercriminals.
OFAC also designated two entities that Treasury identified as supporting Xinbi’s core operations by providing digital-currency and other financial services.
The sanctions were coordinated with the Justice Department’s Scam Center Strike Force, which seized infrastructure and digital-asset wallets used by Xinbi. The actions target both the marketplace and financial infrastructure that authorities allege enables scam operators to move illicit proceeds.
“Scam centers in Southeast Asia steal billions of dollars from American victims each year,” Treasury Secretary Scott Bessent stated. “Treasury will continue using its tools to disrupt the networks behind this egregious fraud and protect Americans.”
The action follows an executive order issued March 6 directing federal agencies to increase efforts against foreign-backed networks involved in cybercrime, fraud and extortion targeting Americans.
OFAC imposed the sanctions under Executive Order 13581, which authorizes the blocking of property connected to transnational criminal organizations, as amended by Executive Order 13863.
Treasury characterized the action as part of its enforcement under the administration’s March executive order on cybercrime, fraud and predatory schemes.
The Xinbi sanctions extend a series of Treasury actions targeting financial and technological networks authorities associate with Southeast Asian scam operations.
OFAC previously designated the Prince Group transnational criminal organization and related parties in October 2025 and June 2026. The Financial Crimes Enforcement Network separately took action involving Huione Group beginning in October 2025, according to Treasury.
The latest sanctions also complement action taken by the United Kingdom against Xinbi in March, reflecting coordination between U.S. and British authorities targeting international scam operations.
Treasury described transnational criminal organizations as increasingly dependent on interconnected online marketplaces, payment institutions, virtual-asset service providers and money-laundering facilitators to conduct cyber scams and move stolen funds.
Support the local news that supports Chester County. MyChesCo delivers reliable, fact-based reporting and essential community resources—free for everyone. If you value that, click here to become a patron today.
Click Here For The Original Source.
