News
US Treasury's FinCEN bars US financial institutions from processing MEXC Global transfers
FinCEN, a bureau of the US Treasury, ordered US financial institutions to stop processing transfers involving crypto exchange MEXC Global over alleged illicit transactions of around $16 billion.
HighRisk Media Newsroom, , 1 min read · Читать по-русски
The FinCEN bureau of the US Treasury has ordered US financial institutions to stop processing transfers involving crypto exchange MEXC Global. According to Cointelegraph, the decision was made on Friday. The headline of the report refers to alleged illicit transactions worth about $16 billion.
The full text of the material was not available, so the details of the decision, its grounds and its duration could not be established from the source. The materials available do not say which specific transactions the regulator considers illicit or whether further measures will follow.
What it means for compliance teams
US banks and payment providers with US jurisdiction now need to factor the ban on MEXC Global transfers into routing setup and counterparty checks.
Sources
Prepared by AI from the sources above and checked against them (how we work). Spotted a mistake? Write to @highrisk_team.
Get stories like this first
- 📰 Daily briefing — Telegram channel @highrisk_media
- 📡 PSP and payment-method alerts — in our bot
- 🔒 HighRisk Private — closed chat with topics for iGaming, payments, crypto, dating, nutra
- 📄 Post your resume — seen by industry recruiters
FinCENMEXC GlobalUS TreasuryAMLCrypto compliance