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U.S. Department of the Treasury Sanctions Transnational Criminal Organization Behind Cyber Scam Operations

On September 9, 2026, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) designated Xinbi Guarantee, a Chinese-language platform operated by a transnational criminal organization (TCO), along with two supporting entities. OFAC also blocked property and interests in property of these designated persons within the United States or in the possession or control of U.S. persons. The action coordinates with the Department of Justice's Scam Center Strike Force, which seized infrastructure and digital asset wallets used by Xinbi Guarantee. Xinbi Guarantee operates an illicit online marketplace serving as a central node connecting transnational criminal syndicates, scam center operators, and merchants providing financial services and technology supporting cybercrime operations. Since its inception around 2022, the platform has processed the equivalent of over $24 billion in digital assets and fiat currency, primarily facilitating transactions in Southeast Asia. The marketplace provides escrow services and has been used by North Korean hackers and several OFAC-designated entities, including Jin Bei Group Co., Ltd. and entities within the Prince Group TCO. OFAC also designated SafeW Technology Co., Ltd. and Anwen Technology Co., Ltd. for materially assisting Xinbi Guarantee. SafeW Technology developed SafeW, an end-to-end encryption messaging application that Xinbi Guarantee migrated to around June 2025 for coordinating merchant and money-laundering networks. Anwen developed XinbiPay, a cryptocurrency payment and digital wallet application launched by Xinbi Guarantee. These designations implement President Trump's Executive Order 14390 of March 6, 2026, "Combating Cybercrime, Fraud, and Predatory Schemes Against American Citizens." The action reflects coordination between OFAC, the Homeland Security Task Force, and the National Coordination Center, and complements the United Kingdom's Foreign, Commonwealth, and Development Office sanctions action against Xinbi on March 26, 2026. Violations of U.S. sanctions may result in civil or criminal penalties. U.S. persons are prohibited from engaging in transactions involving designated persons unless authorized by OFAC license.

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US Department of the Treasury Sanctions Xinbi Guarantee Transnational Criminal Organization Supporting Cyber Scams

On September 9, 2026, the US Department of the Treasury's Office of Foreign Assets Control (OFAC) sanctioned Xinbi Guarantee, a Chinese-language online marketplace operated by a transnational criminal organization (TCO) that facilitates cyber scams, fraud, money laundering, and other criminal activity targeting Americans. OFAC also designated two entities—SafeW Technology Co., Ltd. and Anwen Technology Co., Ltd.—that provide technological support to Xinbi Guarantee's operations. This action was taken in coordination with the Department of Justice's Scam Center Strike Force (SCSF), which seized infrastructure and digital asset wallets used by the platform. Xinbi Guarantee operates as a central node connecting transnational criminal syndicates, including scam center operators, with merchants providing financial services and technology to support cybercrime operations. Since its inception around 2022, the platform has processed the equivalent of over $24 billion in digital assets and fiat currency, primarily facilitating transactions in Southeast Asia. The platform provides escrow services and has been used by North Korean hackers and several OFAC-designated entities, including the Prince Group TCO. Following the Financial Crimes Enforcement Network's (FinCEN) listing of Huione Pay as an entity of primary money laundering concern in October 2025, cybercriminals migrated their operations to Xinbi Guarantee's marketplace, which offered substantially similar services to an overlapping customer base. The designations are taken pursuant to Executive Order 13581 ("Blocking Property of Transnational Criminal Organizations") and Executive Order 14390 ("Combating Cybercrime, Fraud, and Predatory Schemes Against American Citizens"). As a result of these sanctions, all US-based property and interests of the designated entities are blocked, and US persons are generally prohibited from engaging in transactions with them unless expressly authorized by OFAC. This action reflects coordination between the United States and the United Kingdom, which sanctioned Xinbi in March 2026.

4 tool calls

fetch https://home.treasury.gov/news/press-releases/sb0624/ http · 8836 chars · 40 links
search "OFAC sanctions transnational criminal organization cybercrime" → nids 93433, 93646, 92594, 92803, 94243
fetch https://ofac.treasury.gov/recent-actions/20260909 refused (not a fetched link)
search "US Treasury OFAC cyber scam Southeast Asia money laundering digital assets" → nids 93433, 92153, 91818, 94730, 91145

Published

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US Office of Foreign Assets Control Sanctions Transnational Criminal Organization Operating Cyber Scam Network

On September 9, 2026, the US Office of Foreign Assets Control (OFAC) sanctioned Xinbi Guarantee, a Chinese-language platform that, according to OFAC , is used extensively by cybercriminals as an illicit online marketplace used to support cyber scams, fraud and money laundering. OFAC also designated two entities that support Xinbi Guarantee’s core operations via the provision of digital currency and other financial services. As a result of the new designations, all US-based property and interests of these targets are blocked, and US individuals and entities are generally prohibited from engaging in transactions with them, unless expressly authorized by OFAC. Additionally, OFAC amended several frequently asked questions (FAQs) to supplement the new designations, as well as publishing two new license-related FAQs: FAQ 1269 and FAQ 1270 .