Tag: h_pay_service_plc

FinCEN Extends Comment Period for Huione Group Rule Due to Technical Glitch

22 Jul 2026 1:22 p.m. · Source: Financial Crimes Enforcement Network

FinCEN has extended the comment period for its proposed rule on Huione Group, a financial institution of money laundering concern, until August 2, 2026. This follows a six-day technical issue preventing electronic submissions.

Politics and Government Business Law Enforcement Federal Government Legal Banking Economy FinCEN Huione Group H-Pay Service PLC Money Laundering Comment Period Regulatory Amendment Financial Crime Financial Crimes Enforcement Network
FinCEN Moves to Block H-Pay Service PLC, Successors from U.S. Financial System

23 Jun 2026 11:17 a.m. · Source: Financial Crimes Enforcement Network

FinCEN proposes to sever Cambodia-based H-Pay Service PLC and its successors from the U.S. financial system. This move targets Huione Group's attempts to launder proceeds from cyber heists and virtual currency scams, preventing circumvention of existing rules.

Politics and Government Business Law Enforcement Cambodia Federal Government Economy Legal Financial Markets Computers and Internet FinCEN Huione Group H-Pay Service PLC Money Laundering Cybercrime Virtual Currency Scams Financial Crimes Enforcement Network