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

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

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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