FinCEN Moves to Cut MEXC Global Off From US Banks Over Alleged $16B Illicit Flows

The US Treasury's Financial Crimes Enforcement Network (FinCEN) has issued an order cutting off MEXC Global from US financial institutions over $16 billion in transactions linked to illicit activities including sanctions evasion and cybercrime. The measure bars US banks from processing transfers involving the exchange to curb financial access rather than targeting blockchain transactions directly.

This Wire brief sits within Fusion42's coverage of Fintech, and 5 sources have reported it between 7 Nov 2026 and 8 Nov 2026.