PANews reported on May 2 that according to Cointelegraph, the U.S. Treasury Department's Financial Crimes Enforcement Network (FinCEN) proposed to prohibit U.S. financial institutions from opening or maintaining agency accounts or payable accounts for or on behalf of the Cambodia-based Huione Group. U.S. Treasury Secretary Scott Bessent said in a statement on May 1 that the Huione Group has become the "preferred market for cyber criminals" like the Lazarus Group, who have "stolen billions of dollars from ordinary Americans." The Huione Group has established a business network that includes payment service platform Huione Pay PLC, cryptocurrency exchange Huione Crypto, and Haowang Guarantee, an online trading platform that provides illegal goods and services.