Background Investigation Methods, Corporate Intelligence & Due Diligence, e-Discovery Techniques, Investigation & Intelligence Feeds, Judgment Enforcement, Legal Enforcement Cases, Legal Ethics & Intelligence, Legal Technology & Intelligence, Witness Credibility Analysis

FinCEN Bars Huione Group from Financial System

Posted by

walter

October 24, 2025

On October 24, 2025

On October 15, 2025, the Financial Crimes Enforcement Network (FinCEN) issued a final rule under Section 311 of the USA PATRIOT Act that prohibits U.S. financial institutions from conducting business with the Cambodia-based Huione Group, a financial services conglomerate based in Phnom Penh, Cambodia. Huione Group is the parent company of, or otherwise controls, several subsidiaries, affiliates, and components, including, but not limited to: Haowang Guarantee, Huione Pay PLC, and Huione Crypto….
By: Ballard Spahr LLP