Core Insights - The Huione Group's banking services, Huione Pay, have ceased operations and cash withdrawals following sanctions from the U.S. and UK, aimed at disrupting Cambodia's $19 billion scam economy [1][2] - Huione has been identified as a critical infrastructure for money laundering and scam operations, with significant financial flows linked to illicit activities [3][4] Company Overview - Founded around 2014, Huione Group provides various financial services in Cambodia, primarily targeting Chinese-speaking users, including payments and financial transfers [5] - The company gained notoriety for its escrow service, Huione Guarantee, which facilitated connections for money laundering and scam-related activities [6] Industry Context - Cambodia has emerged as a center for large-scale online scamming, with over 100,000 individuals reportedly working in scam compounds, often under coercion [7] - The financial regulator in Cambodia revoked Huione Pay's banking license in March due to compliance violations, which Huione contested, claiming it no longer required a license [7] - The Financial Crimes Enforcement Network (FinCEN) designated Huione as a primary money laundering concern in May, highlighting its role in the country's scam economy, estimated to be 60% of the national GDP [8]