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US Treasury Sanctions Karen National Army and Huione Group Over Crypto Fraud and Money Laundering
US Treasury Sanctions Karen National Army and Huione Group Over Crypto Fraud and Money Laundering
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The U.S. Treasury Department has imposed sanctions on the Karen National Army (KNA), a Burma-based militia group, for its alleged involvement in large-scale cryptocurrency fraud schemes, including ’pig butchering’ scams. The action, announced by the Office of Foreign Assets Control on May 5, targets KNA’s role in facilitating complex cyber fraud operations.
Huione Group, linked to KNA, has been flagged for money laundering activities and potential ties to North Korea’s Lazarus Group. Regulatory scrutiny has intensified over Huione’s USDH stablecoin, which reportedly resists law enforcement oversight, enabling illicit financial flows.
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