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US targets Huione Group in crackdown on $4 billion crypto laundering network – TON BOT

US targets Huione Group in crackdown on $4 billion crypto laundering network

The US Treasury’s FinCEN has proposed banning Cambodia’s Huione Group from the American financial system due to its involvement in moving illicit funds linked to North Korea and Southeast Asia crime rings. Huione processed over $4 billion in suspicious transactions and lacked proper AML and KYC policies, operating similarly to darknet marketplaces.


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