U.S. seeks to ban Huione Group for money laundering and more

U.S. seeks to ban Huione Group over $4 billion global money laundering scheme

On the surface, Cambodian financial corporation Huione Group is a purveyor of QR codes for hotel and restaurant guests to pay their bills. But an in-depth investigation by The New York Times uncovered alleged widespread illegal activity by the financial firm and its affiliates. In May, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) identified Huione Group as a money laundering operation and proposed severing its access to the U.S. financial system.