Bangladesh, Feb. 3 -- The Philippine government is weighing its options regarding 2 million euros ($2.1 million) held in Cyprus by Huang Zhiyang, a fugitive crime boss accused of human trafficking, cyber fraud, and money laundering. While Philippine authorities have charged Huang and frozen his assets domestically, they were unaware of his offshore funds until journalists uncovered them.

Huang Zhiyang is at the center of a sprawling cybercrime and human trafficking network that has exploited thousands across Southeast Asia. He is accused of leading a sophisticated operation that forced victims to engage in fraudulent schemes, including “love scams” that preyed on unsuspecting individuals worldwide.

Philippine authorities int...