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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The proposed rule would prohibit U.S. financial institutions from opening or maintaining correspondent accounts if implemented.
Today’s proposed action will sever Huione Group’s access to correspondent banking, degrading these groups’ ability to launder their ill-gotten gains.