FinCENBSA / AMLJuly 24, 2026

FinCEN Extends Comment Period on Huione Group Money Laundering Designation

FinCEN is extending the comment period on its proposed rulemaking to expand the Huione Group designation — a foreign financial institution named a primary money laundering concern — to include H-Pay Service PLC and to define the term 'successor entity.' The extension was caused by a technical issue with the filing portal. Compliance officers should be aware that this rulemaking could impose Section 311 special measures on Huione-related entities, affecting any U.S. firm that might interact with them.

What to do

Review your customer and counterparty screening lists to ensure Huione Group, H-Pay Service PLC, and any flagged successor entities are captured, and submit comments to FinCEN before the extended deadline if your firm has relevant exposure.

Who this affects

Crypto ExchangeMoney Services BusinessBank / Credit UnionPayments CompanyCrypto Custodian

Does this affect your program?

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Source

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This radar entry is educational and does not constitute legal advice. Summaries are AI-assisted and grounded in the linked official source; always verify against the primary source and consult qualified legal counsel for jurisdiction-specific guidance.

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FinCEN Proposes Expanding Huione Group Designation to Cover H-Pay Service PLC

FinCEN is proposing to expand the existing Section 311 designation of Huione Group — already identified as a primary money laundering concern — to explicitly include H-Pay Service PLC and introduce a 'successor entity' definition, preventing the group from evading restrictions by rebranding. The existing special measure prohibiting U.S. financial institutions from maintaining correspondent or payable-through accounts for Huione Group remains in force. Any firm that processes crypto or fiat payments must screen for H-Pay Service PLC and future successor entities named under this action.

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