【$16 billion in illicit funds moved in and out! U.S. Treasury cuts off MEXC; U.S. banks barred from dealing with it】
The U.S. Treasury Department’s Financial Crimes Enforcement Network designated the exchange MEXC Global as a primary money laundering concern and ordered it cut off from the U.S. financial system. Between May 2021 and May 2026, it allegedly handled at least approximately $16 billion in funds linked to sanctions evasion involving Iran, North Korea, and Russia, as well as cybercrime; about $1.5 billion was related to Russia. The order takes effect 30 days after publication in the Federal Register, after which U.S. financial institutions may no longer process payments to or from it.
$MX
#MEXC #制裁 #U.S. Treasury
The U.S. Treasury Department’s Financial Crimes Enforcement Network designated the exchange MEXC Global as a primary money laundering concern and ordered it cut off from the U.S. financial system. Between May 2021 and May 2026, it allegedly handled at least approximately $16 billion in funds linked to sanctions evasion involving Iran, North Korea, and Russia, as well as cybercrime; about $1.5 billion was related to Russia. The order takes effect 30 days after publication in the Federal Register, after which U.S. financial institutions may no longer process payments to or from it.
$MX
#MEXC #制裁 #U.S. Treasury