Treasury blacklists Xinbi Guarantee while escalating sanctions on Los Tiguerones
The Treasury Department sanctioned Xinbi Guarantee and two technology companies it said helped enable a sprawling cyber fraud and illicit finance network operating across Southeast Asia.
WASHINGTON, September 9, 2026 — The United States sanctioned Chinese illicit marketplace Xinbi Guarantee and two technology companies supporting it, while separately adding Ecuador-based Los Tiguerones to its terrorism sanctions list.
The Treasury Department’s Office of Foreign Assets Control designated Xinbi Guarantee as a significant transnational criminal organization, saying the platform supports cyber scams, fraud, money laundering and other criminal activity targeting Americans.
Treasury said Xinbi’s marketplace has processed more than $24 billion in digital assets and fiat currency since around 2022, primarily supporting transactions in Southeast Asia. The platform provides escrow and other services linking scam-center operators and criminal syndicates with merchants offering financial, technology and money-laundering services.
OFAC also sanctioned Singapore-based SafeW Technology Co. Ltd. and Cambodia-based Anwen Technology Co. Ltd. for supporting Xinbi. SafeW developed an encrypted messaging application used by the network, while Anwen developed XinbiPay, also known as NewPay, a cryptocurrency payment and digital-wallet application.
The action was coordinated with the Justice Department’s Scam Center Strike Force, which seized infrastructure and digital-asset wallets used by Xinbi. Treasury said the sanctions complement UK sanctions imposed against Xinbi in March.
In the same SDN List update, OFAC added Los Tiguerones, also known as Los Fenix and Los Igualitos, operating in Ecuador and Peru. OFAC identified the organization as a transnational terrorist group and criminal organization, listing it under both Foreign Terrorist Organization and Specially Designated Global Terrorist authorities. The listing carries secondary sanctions risk under Executive Order 13224, as amended.
Property and interests in property of the designated parties within US jurisdiction are blocked, and US persons are generally prohibited from transactions involving them. Entities owned 50% or more by blocked persons are also subject to blocking.
OFAC also amended 10 existing sanctions FAQs and issued two new FAQs, Nos. 1269 and 1270, addressing licensing-related matters.
Regulatory Actions
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