US Treasury orders American banks to stop processing MEXC Global funds

Picture: CoinCodeCap · see the original ↗

The US Treasury has ordered American financial institutions to stop processing funds to or from MEXC Global, which it accuses of facilitating at least $16 billion in transactions tied to sanctions evasion, cybercrime and other illicit activity. The order came through FinCEN and takes effect 30 days after publication in the Federal Register. FinCEN found links to groups in Iran, Russia and North Korea, and cited severe compliance deficiencies.

Source: CoinCodeCap ↗

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