FinCEN is taking action to remove Huione Group from US financial institutions due to their alleged connection to North Korea’s Lazarus Group and significant money laundering activities. This move aims to improve the security of the financial system.
Huione Group has reportedly laundered at least 4 billion USD between August 2021 and January 2025, facilitating romance scams and fraudulent investments that prey on US citizens. This action seeks to disrupt financial crime.
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