GoKawiilUS Treasury bars American banks from processing funds via MEXC Global crypto exchange
FinCEN designated MEXC Global a 'primary money laundering concern' on November 6, 2026, ordering US financial institutions to stop processing transfers to or from the exchange. Treasury alleges MEXC handled at least $16 billion in illicit transactions since 2021, including nearly $1.5 billion tied to Russian sanctions evasion, $232 million in direct dealings with sanctioned entities, and roughly $22 million benefiting Iran's central bank and the IRGC. MEXC had not publicly responded at time of publication.