Federal Register #FINCEN-2026-0166

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

This notice from the Financial Crimes Enforcement Network (FinCEN) proposes regulatory changes targeting specific foreign financial institutions for anti-money laundering purposes. - 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 opportunity. - Unique or 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 preventing illicit finance activities associated with the named entities

Description

FinCEN is issuing a notice of proposed rulemaking to amend the existing definition of Huione Group to include H-Pay Service PLC and to add and define the term "successor entity." The rule maintains the assessment that Huione Group is a financial institution operating outside the United States of primary money laundering concern, with existing special measures remaining in effect. The proposed rule aims to prevent Huione Group from using the U.S. financial system to enable illicit finance behavior and invites comments until July 27, 2026.

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