India, Sept. 10 -- The United States imposed sanctions on Xinbi Guarantee, a Chinese-language platform used extensively by transnational criminal organizations and money laundering networks behind cyber scam operations targeting Americans.
The U.S. Department of the Treasury's Office of Foreign Assets Control, or OFAC, also sanctioned two entities that supported Xinbi Guarantee's core operations.
Singapore-based SafeW Technology Co., Ltd. and Cambodia-based Anwen Technology Co. are application development companies responsible for providing applications that support Xinbi Guarantee's illicit operations, and digital currency and other financial services.
Scam centers in Southeast Asia steal billions of dollars from American victims each y...