Money Laundering Scheme Involving Sinaloa Cartel and Chinese Nationals in the U.S.
Two dozen associates of Mexico’s Sinaloa cartel were charged in a money laundering scheme involving Chinese nationals in the U.S., moving over $50 million in drug money through an underground banking system. The case highlights the growing partnership between Mexican cartels and Chinese citizens in the U.S.
Key Points
- Growing relationship between Mexican cartels and Chinese citizens in the U.S.
- Complex system developed to finance drug operations and launder proceeds
- Partnership between Sinaloa cartel and Chinese money launderers
- Millions of dollars moved from U.S. drug sales to Mexico through this scheme