A Cambodian company involved in money laundering that operated in B.C. for years has been sanctioned by the U.S. government for its criminal ties.

The U.S. Treasury’s Office of Foreign Assets Control said this week that “the Huione Group has laundered proceeds of virtual currency scams and heists on behalf of malicious cyber actors.”

The company and its affiliates have now been severed from the U.S. financial system because they have served “as a critical node for laundering proceeds of cyber heists” carried out by North Korea and criminal organizations in Southeast Asia.

Here in B.C., Huione Pay Inc. registered with the provincial government in October 2021, listing a post office box in a small store on Main Street as its address.

The original B.C. directors — Jing Shen Jason Seo and

See Full Page