Cambodia’s Huione Group Targeted for Money Laundering Concerns

The U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) has designated Cambodia’s Huione Group as a primary money laundering concern, citing extensive crypto-related illicit activities on May 1st, 2025. This designation highlights serious deficiencies in AML/KYC policies, with billions of dollars flowing through the group in fraudulent transactions and significant global regulatory scrutiny.