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

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.

Full Article