FinCEN Severs MEXC’s Access to US Financial System Over $16B Illicit Flows Claim
Photo: TheCoinrise
The US Treasury's financial crimes unit accuses the crypto exchange of enabling massive money laundering The Financial Crimes Enforcement Network, a bureau of the US Treasury Department, has taken action to sever MEXC's access to the American financial system. The agency cited alleged money laundering activity tied to the exchange, according to reporting from Cryptopolitan and BitKE. FinCEN's allegations center on claims that roughly $16 billion in illicit funds moved through MEXC's platform. The figure, if accurate, would represent one of the largest sums linked to a single crypto exchange in a US regulatory action.
Source: TheCoinrise
