The Treasury Department is moving to cut off Huione Group, a Cambodian conglomerate, from the U.S. financial system, saying the firm and its multiple entities laundered billions of dollars for North Korea's Lazarus Group and criminal gangs running pig-butchering scams from Southeast Asia.

The post Treasury Moves to Ban Huione Group for Laundering $4 Billion appeared first on Security Boulevard.

Jeffrey Burt

Source: Security Boulevard
Source Link: https://securityboulevard.com/2025/05/treasury-moves-to-ban-huione-group-for-laundering-4-billion/?utm_source=rss&utm_medium=rss&utm_campaign=treasury-moves-to-ban-huione-group-for-laundering-4-billion