Bangladesh, Oct. 16 -- The US Treasury Department has sanctioned a Chinese businesswoman based in Palau for allegedly facilitating operations of a vast criminal enterprise linked to one of Asias most notorious triad leaders. The move marks Washingtons latest step in a sweeping international crackdown on Chinese-linked organized crime networks that have built global fraud empires, often using small island nations as cover for their illicit operations.

The US Treasurys Office of Foreign Assets Control (OFAC) announced sanctions against Wang Guodan, also known as Rose Wang, citing her role in helping the Cambodia-based Prince Group, a transnational criminal organization accused of orchestrating large-scale investment scams known as “p...