In brief
- The U.S. Treasury’s FinCEN issued an order cutting MEXC Global, a top-20 crypto exchange, off from the U.S. financial system, accusing it of facilitating at least $16 billion in illicit transactions tied to sanctions evasion and cybercrime.
- FinCEN cited “severe deficiencies” in MEXC’s anti-money-laundering controls, noting it transacted with sanctioned Russian exchanges Garantex and Grinex as recently as June 2026.
- It extends a sanctions-evasion crackdown, from Russia’s A7 Network to Iran’s Nobitex.
The U.S. Treasury Department has moved to sever crypto exchange MEXC Global from the American financial system, accusing it of facilitating at least $16 billion in illicit transactions tied to Iran, North Korea and…
