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

The US Treasury’s Financial Crimes Enforcement Network (FinCEN) has proposed banning Cambodia’s Huione Group from accessing the American financial system, according to a May 1 statement. If approved, the proposed rule would prohibit US financial institutions from opening or maintaining accounts for Huione Group or any of its subsidiaries. source: https://cryptoslate.com/us-targets-huione-group-in-crackdown-on-4-billion-crypto-laundering-network/