U.S. Treasury Targets Cambodia's Huione Group for North Korea Money Laundering Ties

   The U.S. Treasury Department is moving to block Cambodia's Huione Group, accusing it of laundering proceeds from cybercrimes linked to North Korea's Lazarus Group. The Financial Crimes Enforcement Network (FinCEN) claims Huione has facilitated over $4 billion in illicit funds since August 2021. This proposed action aims to cut Huione off from U.S. financial institutions, significantly hindering its ability to launder money through the U.S. banking system