Regulatory Compliance

FinCEN Section 311 NPRM — Huione Group Expanded to Include H-Pay Service PLC

FinCEN has expanded its existing Huione Group designation to add H-Pay Service PLC as a successor entity — meaning US banks, broker-dealers, money services businesses, and crypto platforms are on notice that any correspondent relationship with H-Pay triggers the same Section 311 prohibition already in force against the broader Huione Group, which was designated for primary money laundering concern.