OKX Tightens AML Measures Against Cambodia’s Huione Group

OKX CEO Star Xu Slams Huione Group After $15B DOJ Crackdown

OKX founder and CEO Star Xu has condemned the controversial Cambodian financial conglomerate, Huione Group, and said the entity has “caused serious damage in the crypto space” while stressing that the exchange maintains strict compliance controls to prevent any association with it. Xu’s statement came shortly after an enforcement action led by the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) and the Financial Crimes En…

OKX tightens AML measures against Cambodia’s Huione Group

Cryptocurrency exchange OKX is among the first to take action against funds tied to the Huione Group, after it was designated a primary money laundering concern by U.S. authorities, effectively cutting it off from the American financial system. “Huione Group…

OKX Imposes Tight AML Rules on Huione Group - Coin Surges

The post OKX Imposes Tight AML Rules on Huione Group appeared first on Coinpedia Fintech News OKX CEO Star revealed that the exchange has tightened anti–money laundering measures on all transactions connected to the Huione Group, citing its harmful influence on the crypto market. Every deposit and withdrawal involving Huione will undergo a detailed compliance review. Depending on the findings, OKX may freeze assets or close accounts to safeguard…