Treasury · Proposed rule · Rel 100 (Federal Register (major agencies))

Proposed Amendment to the Definition of Huione Group, a Financial Institution Operating Outside the United States of Primary Money Laundering Concern; Extension of Comment Period

Other · general

Source summary

FinCEN is extending the comment period for the referenced notice of proposed rulemaking (NPRM) it published to amend the existing definition of Huione Group to include, within the definition of that group, H-Pay Service PLC, and adding and defining the term "successor entity," due to a technological issue with the portal that prevented the public from electronically filing comments to this NPRM for multiple days.

Official document

Analyst note

Treasury advanced a proposed action that may change compliance expectations in other. Monitor comment deadlines and implementation timelines for client exposure.

Supporting source

Public reaction (Reddit)

Insufficient public reaction to score sentiment.