Special Measure Regarding Huione Group, as a Foreign Financial Institution of Primary Money Laundering Concern

Financial Crimes Enforcement Network (FinCEN), Treasury.

Notice of proposed rulemaking.

FinCEN is issuing a notice of proposed rulemaking (NPRM), pursuant to section 311 of the USA PATRIOT Act, that proposes prohibiting the opening or maintaining of a correspondent account in the United States for, or on behalf of, Huione Group, a foreign financial institution based in Cambodia found to be of primary money laundering concern. The NPRM also would require covered financial institutions to apply special due diligence to their foreign correspondent accounts that is reasonably designed to guard against their use to process transactions involving Huione Group.

Written comments on the notice of proposed rulemaking must be submitted on or before June 4, 2025.

Comments must be submitted by one of the following methods:

• Federal E-rulemaking Portal: https://www.regulations.gov. Follow the instructions for submitting comments. Refer to Docket Number FINCEN-2025-0004 in the submission.
• Mail: Financial Crimes Enforcement Network, P.O. Box 39, Vienna, VA 22183. Refer to Docket Number FINCEN-2025-0004 in the submission.

Please submit comments by one method only and note that comments submitted in response to this NPRM will become a matter of public record.