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U.S. Moves to Blacklist Huione Group Over Money Laundering Ties

2 May 2025
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U.S. Moves to Blacklist Huione Group Over Money Laundering Ties
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The Trump administration has designated Cambodian financial conglomerate Huione Group as a money-laundering operation, aiming to sever its access to the U.S. financial system. The Treasury Department reports that Huione and its affiliates have laundered $4 billion for criminals, including North Korean hackers, while facilitating scams and evading law enforcement. Proposed Treasury rules would prevent U.S. banks from engaging with Huione, which has faced scrutiny for operating as a significant node in the global money laundering ecosystem.

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Tags: Banking and Financial InstitutionsblacklistCambodiaCyberattacks and HackersCyberwarfare and DefenseFrauds and SwindlingGroupHuioneHuione GrouplaunderingLazarus GroupmoneyMoney launderingmovesRegulation and Deregulation of IndustryTiesU.SUnited States Politics and GovernmentVirtual Currency
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