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Friday, May 23, 2025
Volume:
41
Issue:
6
Abstract:
On May 1, 2025, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued a finding and notice of proposed rulemaking (NPRM) under Section 311 of the USA PATRIOT Act identifying Cambodia-based Huione Group as a financial institution of primary money laundering concern and proposing to close its access to the U.S. financial system.[1]