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US and UK sanction Prince Group amid fraud and trafficking allegations

Enforcement & compliance

US and UK authorities announced coordinated sanctions against Chen Zhi, Prince Group and affiliated businesses, while US prosecutors charged Zhi over alleged fraud and money laundering. The DOJ said a related forfeiture action seeks bitcoin valued at more than $14bn; authorities allege the network used forced-labour scam compounds and gambling businesses to launder proceeds.

The action places gambling-linked businesses under sanctions and brings criminal charges and asset-forfeiture proceedings against the alleged network.

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Enforcement & compliance

Rome police seize alleged illegal mahjong gambling venue and €700

Rome municipal police seized a recreational club in Tor Pignattara that they said was being used for mahjong gambling with cash stakes. Officers found 15 players and seized €700 from concealed table compartments; two players were reported for taking part in gambling and the club owner for organising and running it.

A recreational club used for cash-stakes mahjong was seized in Tor Pignattara, Rome municipal police said. Inside, officers found fifteen players and confiscated €700 found in the tables that they believed was intended for bets.

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