Wire · regulatory
Treasury cuts MEXC off from U.S. banks over at least $16 billion in transactions tied to Iran ...
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Fusion42 · 7 November 2026 · Fusion42 review
The U.S. Treasury's FinCEN designated MEXC Global a primary money laundering concern, ordering U.S. financial institutions to stop transmitting funds to or from the crypto exchange due to its handling of at least $16 billion in illicit transactions tied to Iran, Russia, and North Korea from May 2021 to May 2026.
This Wire brief sits within Fusion42's coverage of Crypto & Web3, and 5 sources have reported it between 7 Nov 2026 and 8 Nov 2026.
◆ ◆ The Wire takeaway
You face a tighter chokehold on crypto compliance as U.S. banks cut MEXC off, making transactions linked to sanctioned entities far riskier. Your immediate step is to review and strengthen AML controls or risk losing access to U.S. financial flows.
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5 sources · first reported 7 Nov 2026 · latest 8 Nov 2026
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