Chinese networks use U.S. to launder billions for Mexican cartels

Chinese Networks Use U.S. to Launder Billions for Mexican Cartels

by Brett Rowland   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 networks from January 2020 to December 2024. That came from 137,153 Bank Secrecy Act reports from financial institutions. Tre…

Chinese money laundering networks pose significant threat to U.S. financial system – NaturalNews.com

Financial institutions flagged $312 billion in suspected Chinese money laundering networks from 2020 to 2024. Chinese money launderers and Mexican drug cartels have a symbiotic relationship, with Chinese citizens seeking to evade currency controls. CMLNs are involved in real estate purchases and human trafficking, among other illicit activities. The U.S. Treasury Department is urging financial […]

Chinese Networks Use U.S. To Launder Billions For Mexican Cartels

Credit: (Screenshot), World Health Organization (WHO) and The White House, via YouTube 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 networks from January 2020 to December 2024. That came …

Chinese Networks Use U.S. to Launder Billions for Mexican Cartels - Conservative Angle

(Brett Rowland, The Center Square) 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 networks from January 2020 to December 2024. […] The post Chinese Networks Use U.S. to Launder Billions for …

Treasury Flags Chinese Money Networks Tied to Drug Cartels

U.S. financial systems have been warned to look out for Chinese money laundering networks used by Mexico-based drug cartels, including some designated as foreign terrorist organizations. The Treasury Department’s Financial Crimes Enforcement Network issued an advisory Thursday that money laundering networks linked to individuals holding Chinese passports have enabled drug cartels “to poison Americans with fentanyl, conduct human trafficking, and…