Jeremy Paner Discusses US and UK Joint Sanction Enforcement Relationship in MLex

Oct. 27, 2025 – Jeremy Paner discussed the joint sanctions enforcement relationship between the U.S. and the UK in MLex.

The article focuses on the joint targeting of Cambodian conglomerate Prince Group and its chair, Chen Zhi, as part of a coordinated action designed to take down “industrial-scale scam centers” that tricked victims out of “substantial” sums of money.

As part of the action, U.S. prosecutors seized $15 billion worth of cryptocurrency linked to the alleged scam – the largest ever seizure of cryptocurrency.

The joint action has been seen as a positive step forward in the relationship between both countries, following concerns about how the U.S. and UK would work together under the Trump administration. But according to Paner this is an outlier, as the relationship between the two countries has tailed off since the Biden administration.

“Really good things were happening with Russia. There was really close coordination with Russian sanctions between the UK and U.S. They were hand in glove. I don't see that now,” Paner said. “You can still have a big splashy action with these scam centers, but day to day, I don’t think this is a harbinger of more coordination that’s frankly needed.”

Paner went on to explain that the diminished ties can be seen in the lack of money on the UK side to enforce sanctions implementation, as well as in the steady stream of people leaving sanctions regulators in the U.S.

“From a sanctions perspective there is far less coordination between the U.S. and UK than there was a year ago,” Paner said.

Read the article.