FinCEN Warns on Chinese Money Laundering Networks
Originally Published 4 months ago — by FinCEN.gov
FinCEN warns about Chinese money laundering networks (CMLNs) that facilitate illicit activities like drug trafficking, human trafficking, and real estate fraud in the U.S., highlighting their methods, scope, and red flags for detection, with a focus on their relationship with Mexico-based drug cartels and Chinese citizens evading currency laws.