US Treasury cuts off MEXC over alleged $16B in illicit transactions

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Bitcoin Magazine U.S. Treasury Cuts Off MEXC From U.S. Financial System Over Alleged $16 Billion in Illicit Flows FinCEN issued a final order under section 9714(a) that will bar U.S. financial institutions from sending or receiving funds with MEXC Global 30 days after Federal Register publication, citing at least $16 billion in alleged illicit activity. This post U.S. Treasury Cuts Off MEXC From U.S. Financial System Over Alleged $16 Billion in Illicit Flows first appeared on Bitcoin Magazine an

FinCEN’s order, part of Operation Economic Outcast, bars U.S. institutions from any transfers to or from MEXC, which Treasury says facilitated $16 billion in illicit finance tied to Iran, North Korea and Russia.

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