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FinCEN - Financial Crimes Enforcement Network
06/23/2026 | Press release | Distributed by Public on 06/23/2026 08:57
FinCEN Proposes to Sever H-Pay Service PLC and Other Huione Group Successor Entities from the U.S. Financial System
Today, the U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) issued a proposed rule amending FinCEN's October 2025 Huione Group Final Rule to include Cambodia-based H-Pay Service PLC and any successor entity. Huione Group served as a critical node for laundering proceeds of cyber heists and virtual currency investment scams and was used to transfer and consolidate scam-derived assets. This action guards against Huione Group's attempts to circumvent being cut off from the U.S. financial system.
Treasury News Release:
Notice of Proposed Rulemaking:
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