Despite public evidence of widespread abuse, Huione entities lacked visible anti-money laundering (AML) and know-your-customer (KYC) policies.
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US targets Huione Group in crackdown on $4 billion crypto laundering network
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FinCEN’s investigation into Huione Group’s $4 billion laundering operation found that the conglomerate failed to implement visible anti-money laundering (AML) and know-your-customer (KYC) policies, allowing suspicious transactions, including those tied to North Korean cyberattacks to go undetected.
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