Chinese shadow bankers helped Mexican cartel launder drug money, US says

Chinese shadow bankers helped Mexican cartel launder drug money, US says

US prosecutors charge two dozen people over alleged $50m money laundering scheme. Prosecutors in the United States have charged two dozen people over an alleged money laundering scheme involving Chinese shadow bankers and Mexico’s Sinaloa drug cartel. Chinese underground money exchanges helped the cartel launder $50m in drug trafficking proceeds generated from the import of … Read more

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