July 2026

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Japan: The Black Hole of the Investigation Industry

Introduction Lately, three news stories of entirely different natures have come to look, to me, like points on a single line. The first is the series of reports surrounding Chen Zhi, the alleged head of Cambodia’s Prince Group. On October 14, 2025, the U.S. Treasury’s Office of Foreign Assets Control (OFAC) and the U.K.’s FCDO sanctioned 146 individuals and entities, designating the group a transnational criminal organization (TCO) (U.S. Treasury

Japan: The Black Hole of the Investigation Industry

Introduction Lately, three news stories of entirely different natures have come to look, to me, like points on a single line. The first is the series of reports surrounding Chen Zhi, the alleged head of Cambodia’s Prince Group. On October 14, 2025, the U.S. Treasury’s Office of Foreign Assets Control (OFAC) and the U.K.’s FCDO sanctioned 146 individuals and entities, designating the group a transnational criminal organization (TCO) (U.S. Treasury

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