Imposition of Special Measure Prohibiting the Transmittal of Funds Involving MEXC Global

This FinCEN order informs financial institutions and compliance officials of restrictions on fund transfers involving cryptocurrency exchange MEXC Global. FinCEN identified USD 16.7 billion in funds connected to Russian illicit finance and other illicit activities between May 2021 and May 2026.

Readers will learn why FinCEN designated MEXC Global a primary money laundering concern and how the prohibition applies to covered institutions. The order identifies nearly USD 1.5 billion in exposure to Russian sanctions evasion and at least USD 1.99 billion linked to illicit cyber actors. FinCEN states that the action will help “safeguard the U.S. financial system”. The prohibition takes effect December 10, 2026, and applies to covered financial institutions sending or receiving funds involving MEXC Global, including convertible virtual currency.