THE BLOCK · 2026-11-06 21:02 UTC

Treasury cuts off MEXC Global over alleged $16 billion in transactions linked to Iran, North Korea and Russia

The Treasury's Financial Crimes Enforcement Network issued an order against MEXC Global, declaring it a money laundering concern. The order cites alleged transactions of about $16 billion linked to Iran, North Korea and Russia. Treasury Secretary Scott Bessent said financial institutions must choose between supporting the Iranian regime and access to the U.S. financial system.

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