by: xpoolPosted on:

FinCEN Classifies Huione Group as Major Money Laundering Threat, Isolating Entity from U.S. Finance

The US Financial Crimes Enforcement Network (FinCEN) has designated the Huione Group as a major money laundering threat, citing its connection to $4 billion in cryptocurrency scams and North Korean cybercrime. This designation highlights the US government’s efforts to combat illicit financial activity tied to cryptocurrencies and North Korea. Based on evidence of inadequate anti-money laundering controls at Huione, FinCEN has imposed restrictions isolating it from American financial systems. ]

Related posts:

  1. U.S. Treasury Blocks Huione Group Over Alleged North Korean Crypto Laundering
  2. U.S. Treasury Targets Huione Group for North Korea Laundering Ties
  3. Lazarus Group Leverages Fake Companies to Deliver Malware in Job Interview Scams
  4. North Korean Hackers Launch New Crypto Malware Campaign Targeting Developers