Treasury Proposes Ban on U.S. Ties to Cambodian Money Laundering Bank
Published Date: 5/5/2025
Proposed Rule
Summary
FinCEN is proposing a new rule to stop U.S. banks from opening or keeping accounts for Huione Group, a Cambodian financial company linked to money laundering. Banks will also need to watch their foreign accounts more closely to prevent shady transactions involving Huione. This change aims to protect the U.S. financial system and could start soon once finalized.
No Economic Impacts Identified for this Document
Your PRIA Score
Personalized for You
How does this regulation affect your finances?
Sign up for a PRIA Policy Scan to see your personalized alignment score for this federal register document and every other regulation we track. We analyze your financial profile against policy provisions to show you exactly what matters to your wallet.
Key Dates
Department and Agencies
Take It Personal
Get Your Personalized Policy View
Start a Free Government Policy Watch to see how policy affects your household, then upgrade to PRIA Full Coverage for year-round monitoring.
Already have an account? Sign in