
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 large amounts of fentanyl, cocaine, and methamphetamine between 2019 and 2023, the US Department of Justice (DOJ) said in a statement on Tuesday.