Huione Group Section 311 Money Laundering Designation
Current understanding
FinCEN has designated Huione Group as a foreign financial institution of primary money laundering concern under Section 311 of the USA PATRIOT Act, imposing a special measure restricting U.S. financial institutions’ dealings with the entity. A proposed rule would expand the definition to explicitly cover the subsidiary H-Pay Service PLC and add a ‘successor entity’ concept to prevent evasion through corporate restructuring, while leaving the underlying special measure unchanged.
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Contributing findings
Definition of Huione Group, a Financial Institution Operating Outside the United States of Primary Money Laundering Concern
25-jun-2026
novelty 2
per-area 2
introduces