The Financial Crimes Enforcement Agency (FinCEN) of the US Treasury Department has proposed to ban Cambodia's Huione Group from entering the US financial system, citing allegations of money laundering and links to North Korean hacker groups. FinCEN pointed out that Huione will launder over $4 billion in illegal funds between 2021 and 2025. If the proposal is passed, US financial institutions will be prohibited from opening or managing accounts for Huione and its affiliated entities. Bessent revealed that, Huione