OFAC Sanctions Xinbi Guarantee Over Southeast Asia Scam Links

Yesterday (September 9, 2026), The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctions Xinbi Guarantee, a Chinese-language online marketplace that the U.S. Treasury says has supported cyber scams, fraud and money laundering targeting Americans. The action also targets SafeW Technology and Anwen Technology, which OFAC says provided technology and financial services supporting Xinbi’s operations.

Xinbi Guarantee Processed More Than $24 Billion

OFAC said Xinbi Guarantee operates an illicit marketplace connecting scam centers with providers of financial services, technology and other goods. Its platform provides escrow services and has been used to support cybercrime and financial fraud.

According to Treasury, the marketplace has processed the equivalent of more than $24 billion in digital assets and fiat currency since around 2022, primarily through transactions in Southeast Asia. OFAC also said the platform has been used by North Korean hackers and other designated entities.

SafeW and XinbiPay Also Targeted

OFAC designated SafeW Technology Co., Ltd., based in Singapore, and Anwen Technology Co., Ltd., based in Cambodia. Treasury said SafeW provided an encrypted messaging application used for coordination, while Anwen developed XinbiPay, also known as NewPay, a cryptocurrency payment and digital wallet application.

The designations were coordinated with the U.S. Department of Justice’s Scam Center Strike Force, which Treasury said seized infrastructure and digital asset wallets used by Xinbi Guarantee.

The action follows the UK’s March 2026 sanctions against Xinbi, which identified the platform as a major illicit marketplace providing cryptocurrency-based services to scam centers in Southeast Asia.

Investor and Crypto-Market Risk

For investors and crypto users, the case highlights the risks surrounding illicit crypto marketplaces, scam centers and digital-asset payment networks. Users should verify counterparties, wallet services and financial platforms through official sources before transferring funds.

OFAC said property and interests in property of designated persons within U.S. jurisdiction or under U.S. persons’ control are blocked, subject to applicable exemptions or licenses. Investors and businesses should also consider sanctions exposure when dealing with designated entities.

Or you can also consult with our Brokersview specialists for broker reviews and regulatory records—protect your funds before taking on any risk.

Source: U.S. Treasury / OFAC announcement

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