- FINCEN claims that the Huione group was washed about $ 4 billion of illegal profits during August 2021 and January 2025.
- The requests of the Treasury led to banning the group from reaching the American banking system.
The US Treasury Department wants to ban the Cambodia -based Huione Group from access to the American banking system. The administration also claimed that the group helped the Hacker group of North Korea to wash the cryptocurrency.
On May 1, the Financial Crime Employment Network was made an offer To prohibit financial institutions from opening or preserving correspondent or entitled accounts, or on behalf of the HUIONE group.
Scott Beesen, the US Treasury Secretary, revealed that the HUIONE group has placed itself as a favorite commercial center for bad actors such as Lazaros Group. The group was accused of stealing billions of dollars from indigenous Americans.
He also went on to add that the proposed procedure will cut off the arrival of the Huione group to the corresponding banking services, which reduces the ability of these groups to launder money.
Deep Huione relationships with electronic crimes
Also, Huione Group has created a network of companies, including Huione Pay Plc, Crypto Exchange Huione Crypto, and Haowang Lugnesse, a market -based market that offers fraudsters.
However, the total does not maintain any accounting accounts with American financial institutions; It maintains accounts with foreign companies that participate in this, as Final stated in its proposal.
The suggestion is open for public suspension for 30 days before it starts full. According to claims FINCENHuione Group washed illegal profits of $ 4 billion in August 2021 and January 2025.
It also included more than $ 36 million of pig slaughtering pigs. About $ 37 million has been associated with encryption directly with North Korea’s Internet criminals. The Treasury also noted that the criminals associated with the HUIONE group washed the encryption through illegal activities and eventually turned it into Fiat currency.
The National Bank of Cambodia has also announced that it is not allowed to pay for dealing or trading virtual assets within the country and cancel the company’s local banking license in March.
The news of the encryption was highlighted today:
Kraken reveals Hacker and is an engineer in the trap of job application
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