Treasury Moves to Ban Huione Group for Laundering $4 Billion

laundering, scams, vishing, romance scams generative AI pig butchering

The Treasury Department is moving to cut off Huione Group, a Cambodian conglomerate, from the U.S. financial system, saying the firm and its multiple entities laundered billions of dollars for North Korea’s Lazarus Group and criminal gangs running pig-butchering scams from Southeast Asia.

The post Treasury Moves to Ban Huione Group for Laundering $4 Billion appeared first on Security Boulevard.

This article has been indexed from Security Boulevard

Read the original article: