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U.S. Treasury Targets Huione Group Over Alleged North Korea Money Laundering Ties
U.S. Treasury Targets Huione Group Over Alleged North Korea Money Laundering Ties
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The U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) has moved to block Huione Group and its affiliates, alleging their involvement in facilitating illicit transactions tied to online scams since August 2021. The action aims to disrupt cybercriminal operations, including those linked to the notorious Lazarus Group.
Huione Group has emerged as a key marketplace for laundering illicit profits, according to Treasury Secretary Scott Bessent. "Malicious actors like Lazarus have stolen billions from everyday Americans," Bessent stated on May 1. The proposed rule faces a 30-day public comment period before implementation.
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