The initials of the drug cartel "Jalisco Nueva Generacion" (CJNG) are seen in graffiti on a wall in Lagos de Moreno, Mexico, on Aug. 29, 2023. (Ulises Ruiz/AFP via Getty Images)
"The relationship between Chinese money laundering organizations and Mexican cartels provides access to well-established money laundering networks operating in most metropolitan areas in the United States," said William Kimbell, chief of operations at the DEA.
OPINION: CHINESE ILLEGAL BORDER CROSSINGS SPIKE BY 7,000%. ONLY CHINA KNOWS WHY
The Department of Justice recently announced a bust involving a Chinese money laundering cell with nearly $100 million in drug proceeds for a Mexican drug trafficking organization.
An illegal drug smuggler is processed inside a jail in Nogales, Mexico, in 2011. (Alpeyrie/ullstein bild via Getty Images)
"For every gram of fentanyl sold into America, there's a chemical supply chain for every dollar of illicit fentanyl sold in America. We must ensure that dirty money cannot be hidden in our country or on its way back into the pockets of cartels, terrorists and other transnational criminals," Sen. Sheldon Whitehouse said Tuesday.
Treasury Secretary Janet Yellen was in China in March and raised the issue of money laundering with Chinese officials. Yellen and her team have continued to participate in working groups in the United States to learn more to combat the problem.
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