Fentanyl Financiers: Treasury Links Mexican Banks and Chinese Networks to Cartel Money Laundering

The U.S. Department of the Treasury is stepping up its efforts to identify the ways that drug cartels move their funds. Most recently, Treasury officials identified the presence of Chinese money laundering networks that are working with Mexican drug cartels and other criminal entities to move large sums of cash.
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EXCLUSIVE: ICE Director Lyons Provides Inside Look at the New War on Cartels

In a dramatic escalation of the federal government’s war on transnational drug cartels, U.S. Immigration and Customs Enforcement (ICE) reported the seizure of a record-breaking shipment of illicit drug precursor chemicals en route from China to drug cartels in Mexico — before they could be weaponized and unleashed on American streets.
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