Chinese Money Launderers a Major Obstacle in Fight Against Fentanyl: US Officials

The U.S. drug war is now in cyberspace, and the main antagonists are transnational criminal organizations (TCO) serviced by Chinese money laundering outfits, law enforcement officials say.
“Mexican cartels’ ability to traffic deadly fentanyl into the United States is greatly enhanced by Chinese money laundering,” said Steven Cagen, an official at the investigative arm of the Department of Homeland Security (DHS).
“These organizations have a vast global infrastructure to clean illicit proceeds for various criminal organizations, mostly including Mexican cartels.”
Mr. Cagen, an assistant director for countering transnational organized crime at DHS’s Homeland Security Investigations, was one of several witnesses to testify before the House Homeland Security Subcommittee on Border Security and Enforcement on July 12….}