US Treasury cuts MEXC off from American financial system over $16 billion in flows
FinCEN issued a Section 9714 order on 6 November naming exchange MEXC Global a primary money laundering concern, barring US financial institutions from dealing with it. Treasury alleges MEXC handled roughly $16 billion in transactions tied to Iran, North Korea and Russia, and says its stated controls to block users from sanctioned countries had serious gaps. The move extends a sanctions-evasion crackdown that earlier hit Iranian exchanges Nobitex and BitBank.