US financial institutions processed $312B in suspicious transactions linked to Chinese money laundering networks between January 2020 and December 2024 according to FinCEN analysis of 137,153 Bank Secrecy Act reports.US financial institutions processed $312B in suspicious transactions linked to Chinese money laundering networks between January 2020 and December 2024 according to FinCEN analysis of 137,153 Bank Secrecy Act reports.

US Banks Moved $312B in Chinese Drug Money, But Crypto Gets the Blame

US financial institutions processed $312B in suspicious transactions linked to Chinese money laundering networks between January 2020 and December 2024 according to FinCEN analysis of 137,153 Bank Secrecy Act reports.

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