Chinese Money Launderers Helping Mexican Drug Cartels
Chinese banks used to wash Mexican narco money
By: Toh Han Shih
Using such tactics as “flying money,” known as fei ch’ien, or through mirror exchanges via Chinese underground banks, among others, Chinese organized crime figures are laundering millions of dollars in proceeds of drug cartels of Mexico and other Latin American countries, where Chinese banks are sometimes used to process the drug money, …
Keep reading with a 7-day free trial
Subscribe to Asia Sentinel to keep reading this post and get 7 days of free access to the full post archives.