OFAC designates the Xinbi Guarantee marketplace and its wallet and messenger enablers
On 9 September 2026 OFAC designated Xinbi Guarantee, a Chinese-language online marketplace, as a significant transnational criminal organisation under Executive Order 13581 as amended, together with two companies Treasury identified as building the software behind its settlement layer: Anwen Technology Co., Ltd. of Cambodia and SafeW Technology Co., Ltd. of Singapore. Treasury described Xinbi as an escrow marketplace connecting scam-centre operators with the merchants, payment services and technology that support them, and put its throughput at more than $24 billion in digital assets and fiat currency since around 2022, primarily across Southeast Asia. The action was coordinated with the Department of Justice’s Scam Center Strike Force, which Treasury said seized infrastructure and digital-asset wallets used by the marketplace the same day.
The listing closes a loop this desk has been following. Treasury states that after FinCEN listed Huione Pay as a primary money-laundering concern, cybercriminals moved their activity to Xinbi, which went on offering substantially similar services to an overlapping customer base — the migrate-and-continue pattern that FinCEN’s proposed “successor entity” amendment to the Huione section 311 measure (Signal 011) was written to address. That amendment remains a proposal; the underlying Huione Group special measure was itself finalised in October 2025. What reached the successor here was a different agency using a different power — OFAC’s transnational-criminal-organisation authority, not the section 311 mechanism. How fast the rails reconstituted is the point. Whether the pending 311 successor clause, aimed at successors of Huione Group, could have reached a separate marketplace like Xinbi at all is an open question these documents do not settle.
The two enablers are the second story. Around June 2025, under what Treasury called growing law-enforcement scrutiny, Xinbi began moving its merchant and money-laundering networks onto SafeW, an end-to-end encrypted messenger built by SafeW Technology, and launched XinbiPay — also called NewPay — a cryptocurrency wallet built by Anwen. Both are ordinary app-layer consumer products: the infrastructure OFAC has blocked here is a messaging app and a wallet, not a bank or a licensed processor. OFAC's filing lists Xinbi with more than fifty TRON addresses. The United Kingdom had already sanctioned Xinbi in March 2026, six months before Washington.