FINCENFinal RuleOctober 16, 2025

Imposition of Special Measure regarding Huione Group, as a Foreign Financial Institution of Primary Money Laundering Concern

Finance & Banking

Summary

The U.S. government has identified Huione Group, a foreign financial company, as a major concern for money laundering and is imposing special restrictions on it. Banks and financial institutions in the U.S. must now take extra steps to monitor and report any transactions involving this company to prevent illegal financial activities.

Key Points

1Huione Group, a foreign financial institution, has been designated as a primary money laundering concern by FinCEN (the Financial Crimes Enforcement Network)
2U.S. banks and financial institutions must implement enhanced due diligence procedures, meaning they need to conduct stricter investigations into any accounts or transactions linked to Huione Group
3Financial institutions are required to file reports with FinCEN about any suspicious transactions or accounts associated with this company
4These special measures are designed to prevent money laundering, which is when criminals hide the origin of illegal money by moving it through legitimate financial systems
5The regulation applies to all U.S. financial institutions that may have dealings with Huione Group or its affiliates, whether directly or indirectly

Key Dates

Published

October 16, 2025

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This summary is for informational purposes only. It may not capture all nuances of the regulation. Always refer to the official text for authoritative information.