Day: May 2, 2025

Written by FinCrime

FinCEN Finds Cambodia-Based Huione Group to be of Primary Money Laundering Concern, Proposes a Rule to Combat Cyber Scams and Heists

Reported by FinCEN (Summarized version below) The Financial Crimes Enforcement Network (FinCEN) has issued a Notice of Proposed Rulemaking (NPRM) designating the Huione Group, a Cambodia-based financial services conglomerate, as a primary money laundering concern under Section 311 of the USA PATRIOT Act. This designation stems from FinCEN’s determination that the Huione Group has knowingly […]