According to Bitcoin.com, the U.S. Treasury Department has imposed sanctions on Cambodian businessman Li Yongfa and his company, accusing them of human trafficking and forced labor related to cryptocurrency scams. The sanctions freeze Li Yongfa and his company's assets in the United States and prohibit U.S. citizens from conducting related transactions.
Li Yongfa and his company are accused of luring victims to scam centers and forcing workers to participate in cryptocurrency fraud. The Treasury Department emphasized that this move is aimed at holding criminals who are involved in human rights violations and fraud accountable. These sanctions are based on Executive Order No. 13818, which expands the Global Magnitsky Human Rights Accountability Act.
