FinCEN proposed a rule to prohibit Huione Group from accessing the U.S. financial system due to its role in laundering billions through cybercrime and fraud schemes.

Event date

May 1, 2025

Quotes that support claims

The US Treasury’s Financial Crimes Enforcement Network (FinCEN) has proposed banning Cambodia’s Huione Group from accessing the American financial system, according to a May 1 statement.

The Treasury’s Financial Crimes Enforcement Network (FinCEN) proposed on May 1 to prohibit US financial institutions from opening or maintaining correspondent or payable-through accounts for or on behalf of the Huione Group.

Tags

Week 18 of 2025