Today’s proposed action will sever Huione Group’s access to correspondent banking, degrading these groups’ ability to launder their ill-gotten gains.
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US Treasury wants to cut off Huione over ties to crypto crime
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FinCEN proposed a rule in May 2025 that aims to prohibit U.S. financial institutions from maintaining accounts for Cambodia-based Huione Group, effectively severing its access to the global banking infrastructure in order to disrupt its role in laundering illicit funds linked to cybercrime and fraud.
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