DOJ seizes Huione Group cloud computing account used to launder billions in fraud proceeds
The Block·
60-second summary
The US Department of Justice seizes Huione Group's cloud computing account, used to launder billions in fraud proceeds, following last year's designation as a primary money laundering concern under the USA Patriot Act. This move targets Huione Group's alleged involvement in financial crimes, aiming to disrupt illicit activities and protect global financial stability.
Last year, FinCEN designated Huione Group as a primary money laundering concern under the USA Patriot Act.