A new report from FinCEN reveals the staggering figure of nearly $312 billion in suspicious transactions linked to Chinese money laundering networks processed through U.S. banks between 2020 […]
Chinese Laundering Networks: $312B Exposes Financial Systems’ Weakness
A new report from FinCEN reveals a staggering $312 billion in suspicious transactions linked to Chinese networks operating within U.S. banks, highlighting the vulnerability of fiat systems despite […]
Huione Crypto Laundering Network Operates Despite Regulatory Sanctions
Despite claims of closure and regulatory sanctions imposed by FinCEN, the Chinese-language crypto laundering platform Huione continues to operate at scale. Chainalysis data reveals a surge in transaction […]
Huione Guarantee Shutdown: Impact on Crypto Scam Ecosystem
The shutdown of Huione Guarantee, a prominent facilitator of cryptocurrency scams, has dealt a blow to the crypto scam ecosystem. Chainalysis reports that this platform played a key […]
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 […]
US FinCEN Targets Huione Group for Alleged $4 Billion Money Laundering Scheme
The US Financial Crimes Enforcement Network (FinCEN) has initiated proceedings to blacklist Huione Group, a financial entity based in Phnom Penh. This move stems from allegations of significant […]
US Cracks Down on Huione: Cryptocurrency Platform Linked to Criminal Activity
The US government has taken aim at Huione, a Telegram-based platform operating as an illegal marketplace for cryptocurrencies. This move by the Financial Crimes Enforcement Network (FinCEN) signifies […]
OKX Pays $500 Million+ Over Unlicensed US Business, Facing Regulatory Fallout
Cryptocurrency exchange OKX has reached a settlement of over $500 million to address charges from the U.S. Department of Justice (DOJ) for operating an unlicensed money transmitting business […]