U.S. Treasury Cuts Off MEXC Global Over Alleged $16B Illicit Transactions

• The U.S. Treasury's Financial Crimes Enforcement Network issued a final order to cut MEXC Global off from the U.S. financial system.
• MEXC Global is accused of facilitating $16 billion in illicit transactions linked to Iran, North Korea, and Russia.
• The order prohibits U.S. institutions from processing any transfers involving MEXC Global.
• This action is part of Operation Economic Outcast, an initiative targeting entities involved in illicit financial activities.
• MEXC Global is now barred from engaging in any transactions with U.S. financial institutions.