FinCEN proposes to sever H-Pay Service PLC and Huione successors from the U.S. financial system to stop evasion and disrupt a major cyber fraud money-laundering network

The proposed rule would amend FinCEN’s October 2025 Huione Group final rule to include Cambodia-based H-Pay Service PLC and any successor entity, after FinCEN assessed H-Pay as a Huione component and a primary money laundering concern. FinCEN says the change is designed to prevent circumvention of restrictions imposed on Huione Group, which it describes as a critical laundering node for cyber heists, virtual currency investment…