PHNOM PENH (Reuters): The US Treasury plans to ban Cambodian financial firm Huione Group from the US financial system, deeming it of "primary money laundering concern" over its alleged role in laundering illicit funds from cyber heists and online scams.
The Treasury's Financial Crimes Enforcement Network (FinCEN) said on Thursday that it had proposed severing Huione's access to the US financial system by outlawing US firms from opening or maintaining correspondent banking accounts for or on behalf of Huione.
