Treasury Moves to Ban Huione Group for Laundering $4 Billion
ID: 3d3835fc-7636-5cc6-9e88-76b01ca7e3c9
STIX ID: report--3d3835fc-7636-5cc6-9e88-76b01ca7e3c9
Feed Name: Security Boulevard
FinCEN has moved to designate Cambodia-based Huione Group and its subsidiaries as a primary money-laundering concern for allegedly laundering roughly billions in cryptocurrency for DPRK-linked Lazarus Group operations and transnational cyberscam networks (pig-butchering, romance scams). The notice details how Huione entities (Haowang Guarantee, Huione Pay PLC, Huione Crypto) provide marketplace services, fiat conversion, a stablecoin, and other infrastructure that facilitate large-scale fraud and money laundering while failing to implement meaningful AML/KYC controls.
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