MEXC Responds to FinCEN Order: Operations Normal, Independent Review Initiated

On November 7, TechFlow reported that, according to MEXC's official statement, the platform has become aware of the order issued by the U.S. Financial Crimes Enforcement Network (FinCEN) on November 6 and is evaluating it with its legal and compliance team. MEXC stated that platform operations are normal and user assets are safe.

MEXC said it takes the relevant concerns seriously, plans to engage in constructive communication with FinCEN and other relevant regulators and competent authorities worldwide, and has launched an independent review of its anti-money laundering and sanctions control measures.

TechFlow previously reported that the U.S. Department of the Treasury has issued an order prohibiting U.S. financial institutions from sending or receiving funds to or from MEXC Global. The order will take effect 30 days after publication in the Federal Register.

Source: TechFlow