According to NewsBTC, the US Treasury’s Financial Crimes Enforcement Network (FinCEN) has moved to sever MEXC Global’s access to US financial institutions. The agency states that MEXC Global facilitated at least $16 billion in transactions linked to illicit activity. The action reflects FinCEN’s determination that the exchange has engaged in conduct warranting removal from the US banking system.
FinCEN’s notice indicates that the assessment is based on available information concerning the volume and nature of the transactions. No further details on specific cases, enforcement timelines, or additional parties are provided. The move is presented as a precautionary measure consistent with regulatory standards for entities deemed to pose significant compliance risks.
MEXC Global has not been named in any public statement responding to the action at this time. The announcement does not specify alternative procedures for the exchange to regain access or outline a review process.
