anti-money laundering Archives

Crypto Bill Backlash: Senators Warn Stablecoin Act Isn’t Safe

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure What began as a promising effort to apply transparent rules to crypto and stablecoins has run into a serious roadblock. On May 4, 2025, ten US Senators came out swinging against the revised version of the “GENIUS Act,” stating that it might […]

FinCEN Issues Action to “Sever” Cambodia-Based Huione Group Over Crypto Laundering Ties

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The U.S. Treasury’s financial crimes arm has proposed removing the Huione Group, a Cambodia-based financial conglomerate, from the US financial system for its alleged involvement in Lazarus-linked crypto laundering. The FinCEN announced on Thursday that the Group serves as a “critical node for laundering proceeds of cyber heists” carried out by the infamous North Korean

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