Law enforcement agencies in the
United States have expressed worries that Chinese crypto channels are increasingly being used to launder money by Mexican drug cartels and other transnational organized crime groups.
This comes at a time when the size of Chinese exports such as chemicals and other ingredients used in making hard drugs to the U.S. has been growing,
per Asia Times. According to a senior official at the U.S.
Drug Enforcement Agency (DEA), Paul Knierim, a notable increase in money launderers from Asia has subsequently been observed:
Growing Sophistication
In a report issued a few weeks ago, the DEA pointed out that in the last eight years, a steady decline in the amount of cash seized throughout the United States had been recorded and this could mean that more discreet techniques of moving illicit cash were being employed.
Specifically, the DEA cited the Chinese Underground Banking Systems (CUBS) as a key laundering channel. The CUBS money brokers, the DEA noted, was turning to bitcoin both to launder money for drug traffickers and to assist Chinese nationals interested in moving amounts exceeding the allowed annual limit of US$50,000 outside the country:
To avoid detection and traceability, these
bitcoin trades are conducted over the counter with the Chinese brokers relying on foreign-based
exchanges which have lax Know Your Customer and Anti-Money Laundering policies.
Drug dealers are enemies of Mexico, Chinese CCP sponsored drug dealers selling fentanyl to Mexican drug cartels are enemies of Mexico, American drug dealers are also enemies of Mexico
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Enemy of Mexico
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Enemies of Mexico
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Drugs Kill americans
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Drugs kill Mexicans
But CCP trolls claim China is not in the drug business
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Go Trump you are right Drugs are Killing Mexicans and Americans and CCP also has dirty and blooded hands