Wan ‘Broken Tooth' Kuok-koi is the target of new US federal government sanctions, the US Department of the Treasury's Office of Foreign Assets Control (OFAC) has revealed.
OFAC cited his name as a “corrupt actor” with a vast network spanning across Africa and Asia.
OFAC, which was established in 2003, has been going after individuals it deems in violation of international law.
In OFAC's latest filing, the regulator cautions that any individual or institution that interacts or conducts business with Kuok-koi may find themselves subject to financial sanctions.
In the document, OFAC describes Kuok-koi as a “member of the Communist Party (CCP) of China’s Chinese People’s Political Consultative Conference” and “leader of the 14K Triad”, a criminal organization linked to various illicit activities across Asia and beyond.
Ever since he was released from prison in 2012 – having served 14 years for various offenses including illegal gambling and loansharking – Wan has been in the news.
He was associated with Dragon Corp, a Macau-based company which kicked off an initial coin offering (ICO) using Wan's name to drive excitement about its product.
The ICO was also to benefit junket operators trying to make it easier for them to move money between Asian markets, circumnavigating Chinese authorities' scrutiny.
OFAC has targeted Wan because of his recent involvement in various crimes that the organization cited as coercing and negotiating with officials in Cambodia and Malaysia to “paper over illegal criminal activities.”
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