Press release: FinCEN Proposes to Sever H-Pay Service PLC and Other Huione Group Successor Entities

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Research, not advice. Part of the Bitcoin research archive (October 2026). Claims labelled unverified, contested or fringe are reported, not endorsed; statuses of bills and rules are as of the date checked. Government, court and patent records are public domain; the research notes are CC BY 4.0.

FinCEN Proposes to Sever H-Pay Service PLC and Other Huione Group Successor Entities from the U.S. Financial System | FinCEN.gov

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                              FinCEN Proposes To Sever H-Pa...

FinCEN Proposes to Sever H-Pay Service PLC and Other Huione Group Successor Entities from the U.S. Financial System

Immediate Release

June 23, 2026

Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued a proposed rule amending FinCEN’s October 2025 Huione Group Final Rule to include Cambodia-based H-Pay Service PLC and any successor entity. Huione Group served as a critical node for laundering proceeds of cyber heists and virtual currency investment scams and was used to transfer and consolidate scam-derived assets. This action guards against Huione Group’s attempts to circumvent being cut off from the U.S. financial system.
Treasury Press Release
Treasury Further Dismantles Overseas Scam Operations Targeting Americans 
Notice of Proposed Rulemaking
Proposed Amendment to the Definition of Huione Group, a Financial Institution Operating Outside the United States of Primary Money Laundering Concern

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