Tag: Economic sanctions

PolicyTrade

International Authorities Investigate Cambodian Real Estate Group Following US Sanctions

Authorities in Singapore and Thailand have launched investigations into Cambodian real estate conglomerate Prince Holding Group following sanctions imposed by the United States and United Kingdom. The case involves allegations of fraud and money laundering that have drawn international regulatory attention.

International Investigation Launched

Authorities in Singapore and Thailand are conducting investigations into a Cambodian real estate conglomerate after the United States and United Kingdom imposed sanctions on the company’s chairman, according to reports from regional news outlets. The coordinated international response comes amid allegations of fraud and money laundering that have drawn scrutiny from multiple jurisdictions.

by Marcus Linfield
PolicyTrade

U.S. Accuses China of Economic Coercion Through Shipbuilding Sanctions on South Korean Firm

The United States has accused China of attempting to “coerce” South Korea through sanctions targeting Hanwha Ocean’s U.S. shipbuilding operations. According to reports, the measures aim to undermine cooperation between Washington and Seoul on revitalizing American shipbuilding and manufacturing capabilities.

U.S. Condemns Chinese Sanctions as Economic Coercion

The United States State Department has characterized recent Chinese sanctions against Hanwha Ocean’s American affiliates as an attempt to “coerce” South Korea and undermine bilateral cooperation, according to reports from Reuters. Sources indicate the sanctions represent the latest escalation in economic tensions between Washington and Beijing.

by Darren Holt