TREE NEWS update: MEXC CEO Vugar Usi said the exchange is seeking constructive communication with FinCEN and has launched an independent review of its anti-money-laundering and sanctions controls. Usi said deposits and withdrawals remain operational despite higher withdrawal volume, and that Elliptic has restored MEXC Global to its standard “exchange” category, removing a prior risk flag. FinCEN had ordered US financial institutions to stop processing transfers involving MEXC, alleging it handled at least $16 billion linked to sanctions evasion and cybercrime from May 2021 to May 2026.
MEXC CEO Seeks FinCEN Talks, Launches Independent AML Review
The Elliptic reclassification is the more concrete near-term signal here: an independent analytics provider restoring standard status gives MEXC a third-party data point that cuts against the FinCEN narrative, even as the regulator's order stands. That gap between private-sector risk scoring and official enforcement is what offshore exchanges will be judged on, since counterparties and banking partners often react to compliance vendors before regulators do. Whether FinCEN engages with the CEO's outreach, and whether the independent review produces findings that are made public, are the open questions.
Generated by AI for reference only.
Share on WeChat
Open WeChat → Scan → then tap "…" to send to a chat or Moments.
Tap "…" in the top-right corner to send to a chat or share to Moments.