FinCEN issues a section 9714 order cutting off MEXC Global from the U.S. financial system after finding the convertible virtual currency exchanger facilitated at least $16 billion in illicit transactions

Evidence

Confidence

High Primary source (regulator / official record); quote string-matched against the live page.

Quote verified

2026-11-08 07:05 UTC

Archived snapshot

Not archived yet

Source type

Primary U.S. Department of the Treasury and Financial Crimes Enforcement Network (FinCEN) ↗

Verified quotes

• “FinCEN’s order prevents U.S. financial institutions from processing funds transfers involving MEXC Global.”

• “The order, issued pursuant to section 9714(a) of the Combating Russian Money Laundering Act, prohibits U.S. financial institutions from engaging in any transmittal of funds from or to MEXC Global.”

• “MEXC Global is a convertible virtual currency (CVC) exchanger that has facilitated at least $16 billion in illicit transactions connected to Iranian, North Korean, and Russian sanctions evasion, as well as cybercrime, including by transacting directly with sanctioned actors.”

• “The order does not modify existing obligations under the Bank Secrecy Act (including Suspicious Activity Report filing requirements) or sanctions administered by OFAC.”

String-matched against https://home.treasury.gov/news/press-releases/sb0685 by our verifier before every deploy.

Additional evidence

• Primary Imposition of Special Measure Prohibiting the Transmittal of Funds Involving MEXC Global ↗ · FinCEN
• Primary Operation Economic Outcast Severs MEXC Global’s Access to the U.S. Financial System ↗ · FinCEN