FinCEN cited severe deficiencies in MEXC Global's anti-money-laundering controls, noting the exchange processed trades with sanctioned Russian platform Garantex and successor Grinex as recently as June 2026

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From the articleUS Treasury cuts off MEXC from financial system over $16B in illicit transactionsAlso in FinCEN Cuts Off MEXC From U.S. Financial System Over Alleged $16B Illicit Flows, Treasury Cuts Crypto Exchange MEXC Off From US Financial System - Decrypt, Treasury cuts off MEXC Global over alleged $16 billion in transactions linked to Iran, North Korea and Russia

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US Treasury cuts off MEXC from financial system over $16B in illicit transactions

Cc9f267dcArticle

FinCEN Cuts Off MEXC From U.S. Financial System Over Alleged $16B Illicit Flows

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Treasury Cuts Crypto Exchange MEXC Off From US Financial System - Decrypt

Cc9f267dcArticle

Treasury cuts off MEXC Global over alleged $16 billion in transactions linked to Iran, North Korea and Russia