TREE NEWS update: UK authorities have frozen a London mansion and luxury watches worth 170 million yuan (about $24 million) belonging to Li Tian, finance chief of Cambodia’s Prince Group, widening an asset probe tied to alleged transnational cyber fraud and money laundering. The move follows freezes on multiple London properties linked to group founder Chen Zhi and Hu Xiaowei. In October 2025 the US Treasury sanctioned Prince Group and associates, naming Li as a close Chen Zhi associate managing illicit fund flows and bulk cash smuggling.
UK freezes $24M London property and watches of Prince Group finance chief Li Tian
AI take
The UK freeze extends the pressure beyond Prince Group's founder to its financial gatekeepers, signalling that enforcement is now targeting the operational layer that allegedly moved and parked illicit funds. It matters for the wider RWA and real-estate tokenisation debate: if high-value London property is treated as a sanctions-chokepoint asset, then jurisdictions that rely on property as a store of value face a reputational overhang. The open question is whether the UK probe widens further into the group's remaining associates and holdings, or stays confined to the named individuals.
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