Chinese Money Launderers a Major Obstacle in Fight Against Fentanyl: US Officials
Law enforcement officials say that America’s drug war is now in cyberspace, and the main antagonists are transnational criminal organizations (TCOs) serviced by Chinese money laundering outfits.
“Mexican cartels’ ability to traffic deadly fentanyl into the United States is greatly enhanced by Chinese money laundering,” said Steven Cagen, assistant director of the Countering Transnational Organized Crime Division, Homeland Security Investigations.
“These organizations have a vast global infrastructure to clean illicit proceeds for various criminal organizations, mostly including Mexican cartels.”
Mr. Cagen was one of several witnesses to testify before the House Homeland Security Subcommittee on Border Security and Enforcement on July 12….