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

FinCEN issued a final rule that requires U.S. financial institutions to notify their foreign correspondent account holders that they may not provide Huione Group with access to correspondent accounts maintained at the U.S. financial institution. The requirement is intended to ensure cooperation from correspondent account holders in preventing Huione Group’s access to the U.S. financial system. U.S. financial institutions are required to document compliance with the notification requirement.

The latest form for Imposition of Special Measure Regarding Huione Group as a Foreign Financial Institution of Primary Money Laundering Concern expires 2028-11-30 and can be found here.