Chinese Networks Laundering Billions in Cartel Wealth Through USA

1 week ago 4

Rommie Analytics

There appears to be a fair amount of cooperation between China and some of the Central and South American drug cartels. We've known for some time now that China has been supplying cartels with fentanyl and other drugs and drug precursors. Now it appears as though some Chinese interests are actually laundering cartel money through the American financial system.Chinese networks are laundering billions of dollars in drug cartel cash through the U.S. financial system, according to a new report from the Treasury Department.Treasury's Financial Crimes Enforcement Network said banks flagged about $312 billion in transactions from suspected Chinese money laundering...
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