OKX Imposes Strict AML Controls Following Sanctions on Huione Group

In response to U.S. Treasury sanctions against the Cambodian conglomerate Huione Group, which allegedly laundered billions through digital assets, OKX has implemented stricter anti-money laundering (AML) controls for transactions linked to the entity. According to the Office of Foreign Assets Control (OFAC) and FinCEN, Huione processed over $98 billion in crypto inflows, including $4 billion associated with online investment scams, North Korean hacking operations, and other transnational crime networks. The group has been officially cut off from the U.S. financial system under Section 311 of the Patriot Act.