The U.S. Treasury Department proposes to block the Cambodia-based Huione Group from entering the U.S. banking system."
On May 2, Cointelegraph reported that the U.S. Treasury Department's Financial Crimes Enforcement Network (FinCEN) proposed to prohibit U.S. financial institutions from opening or maintaining agent accounts or payable accounts for or on behalf of the Huione Group, headquartered in Cambodia. U.S. Treasury Secretary Scott Bessent said in a May 1 statement that the Huione Group has become a "preferred market for cybercriminals" like the Lazarus Group who "stole billions of dollars from ordinary Americans." Huione Group has established a business network that includes payment service platform Huione Pay PLC, cryptocurrency exchange Huione Crypto, and Haowang Guarantee, an online trading platform that provides illegal goods and services.
Disclaimer: The views in this article are from the original Creator and do not represent the views or position of Hawk Insight. The content of the article is for reference, communication and learning only, and does not constitute investment advice. If it involves copyright issues, please contact us for deletion.
