Sanctioned Lender Huione Shuts Phnom Penh Branches, Halts Withdrawals – Decrypt
In brief Huione Group has closed its Phnom Penh branches following actions brought by the U.S. and UK cutting it out of the international banking system in October. The sanctioned conglomerate’s marketplace and escrow service have been tied to billions of dollars in illicit transactions, according to U.S. and UK authorities. Analysts say intensified enforcement,...
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