-18.7 C
Ottawa
Monday, February 9, 2026

How China Became the Worlds Largest Money Launderer

Date:

Chinese money laundering doesn’t just help drug cartels. It also expands the global illicit economy and fuels Beijing’s geopolitical ambitions.Brian Clark, special agent in charge of the Los Angeles field division for the Drug Enforcement Agency, overlooks the city of Los Angeles on Sept. 30, 2025. Clark said Chinese money laundering organizations have dominated the market in recent years. John Fredricks/The Epoch Times|November 07, 2025Updated:November 07, 2025Agent Brian Clark still remembers a breakthrough case a decade ago.His team at the Drug Enforcement Administration (DEA) arrested a Chinese money launderer at a U.S. airport where the individual had a layover.

spot_imgspot_imgspot_img

Share post:

More like this
Related

Hong Kong Democracy Activist Jimmy Lai Sentenced to 20 Years in Prison

Jimmy Lai outside West Kowloon Magistrates' Court in Hong...

Former IMF Chief Economist: Xi Jinping Plans to Accelerate Internationalization of Renminbi

The Chinese leader is expected to use the country’s...

Struggling AI Startups Kept Afloat Despite Never Becoming Profitable

|February 08, 2026Updated:February 08, 2026For years, artificial intelligence (AI)...

Treasury Secretary Says Fed Will Likely Take Its Time to Reduce Balance Sheet

Treasury Secretary Scott Bessent testifies before the Senate Committee...