• Taipei’s District Prosecutors’ Workplace indicted 62 people and 13 firms on March 4 for allegedly laundering US$337 million by means of Taiwan on behalf of the Cambodia-based Prince Group.
  • The alleged ringleader, Chen Zhi, faces a most 13-year time period in Taiwan and as much as 40 years in US federal proceedings that started in October 2025. 
  • Prosecutors have seized NT$5.5 billion (US$172 million) in property, together with properties and high-end automobiles.

Taipei prosecutors indicted 62 people and 13 firms on March 4 for allegedly laundering US$337 million (AU$516 million) by means of Taiwan for the Cambodia-based Prince Group, a community the U.S. Division of Justice designated as a transnational legal organisation in 2025.

The costs observe a 140-day investigation by the Taipei District Prosecutors’ Workplace that included eight coordinated raids throughout Taiwan. 9 suspects are at present in custody.

Chen Zhi, recognized by prosecutors because the group’s founder and high decision-maker, was charged in absentia after Cambodian authorities extradited him to China earlier this 12 months. Taiwanese prosecutors are in search of the utmost 13-year sentence below native legislation. Chen additionally faces U.S. federal costs filed in October 2025 that carry a possible sentence of as much as 40 years.

Different senior figures face prolonged jail phrases and huge monetary penalties. Li Tian faces US$7.82 million (AU$11.96 million) in fines and as much as 20 years in jail, whereas Chen Xiuling faces US$4.69 million (AU$7.18 million) and 18 years. 

Teo Kang Yeow Cliff faces US$3.13 million (AU$4.79 million) and 12 years. Prosecutors recognized Wang Yu-tang because the group’s operational chief in Taiwan. Three suspects stay at giant.

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Laundering Community and Crypto Pockets System

Prosecutors mentioned the Prince Group operated by means of roughly 250 offshore firms throughout 18 international locations and managed 453 home and abroad monetary accounts to maneuver illicit funds.

Authorities allege the community fabricated business contracts between offshore entities to make transfers seem as professional business exercise. Unlawful playing operations linked to the group have been energetic in Taiwan as early as 2016.

Investigators mentioned the organisation additionally developed a blockchain platform often known as the “OJBK pockets”, which processed digital asset proceeds by means of underground remittance networks and foreign-exchange channels to obscure the origin of funds.

Furthermore, Taiwanese authorities seized greater than US$172 million (AU$263 million) in property linked to the case.

The confiscations embody 24 luxurious residential properties price US$124.84 million (AU$190.99 million), 35 high-end automobiles, US$14.02 million (AU$21.45 million) taken from 337 financial institution accounts, and US$1.72 million (AU$2.63 million) in designer items and money. 

Among the seized property have already been auctioned. Fairly quick should you ask me.

Anyway, the Taiwan indictments observe US enforcement motion in opposition to the Prince Group, of which US authorities accused of working large-scale on-line fraud and cash laundering operations from Cambodia, allegations that helped set off Taiwan’s investigation.

The US Division of Justice (DOJ) charged Chen Zhi in October 2025, whereas the Treasury Division imposed sanctions days later. 

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