Federal Register #FINCEN-2026-0166

FinCEN Proposed Rule Expanding Definition of Huione Group for Anti-Money Laundering Compliance

This notice from the Financial Crimes Enforcement Network (FinCEN), part of the U.S. Department of the Treasury, proposes regulatory changes targeting foreign financial institutions of money laundering concern. - Government Buyer: - U.S. Department of the Treasury - Financial Crimes Enforcement Network (FinCEN) - OEMs and Entities Mentioned: - Huione Group - H-Pay Service PLC - Haowang Guarantee - Huione Pay PLC - Huione Crypto Spo5ka Z Ograniczona Odpowiedzialnoscia - Products/Services Requested: - No products or services are being procured; this is a regulatory action, not a procurement. - Notable Requirements: - Expands the definition of Huione Group to include H-Pay Service PLC and any successor entities (entities that acquire assets or continue operations under a new name) - Maintains prohibitions on U.S. financial institutions from opening or maintaining correspondent accounts for Huione Group and its components - Imposes enhanced compliance obligations on U.S. financial institutions, including due diligence and notification procedures for transactions involving these entities - Focuses on anti-money laundering measures and regulatory compliance for U.S. financial institutions

Description

The Financial Crimes Enforcement Network (FinCEN) is extending the comment period for a notice of proposed rulemaking (NPRM) that seeks to amend the existing definition of Huione Group to include H-Pay Service PLC and to add and define the term "successor entity." The extension is due to a technological issue that prevented electronic filing of comments for several days. Written comments must be submitted by August 2, 2026. This amendment pertains to regulatory definitions related to financial institutions operating outside the United States that are of primary money laundering concern.

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