Dirty money piling up in L.A. as coronavirus cripples international money laundering
https://www.latimes.com/california/story/2020-04-29/coronavirus-slows-money-laundering-to-a-crawl
Dirty money is piling up in Los Angeles. In the last three weeks, federal agents made three seizures that each netted more than $1 million in suspected drug proceeds.
The reason, according to the city’s top drug enforcement official: The coronavirus pandemic has slowed trade-based money laundering systems that drug trafficking groups use to repatriate profits and move Chinese capital into Southern California.
Dirty money piling up in L.A. as coronavirus cripples international money laundering
https://www.latimes.com/california/story/2020-04-29/coronavirus-slows-money-laundering-to-a-crawl
Dirty money is piling up in Los Angeles. In the last three weeks, federal agents made three seizures that each netted more than $1 million in suspected drug proceeds.
The reason, according to the city’s top drug enforcement official: The coronavirus pandemic has slowed trade-based money laundering systems that drug trafficking groups use to repatriate profits and move Chinese capital into Southern California.
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Thanks - I saw a headline about that (was it only yesterday??) but didn’t see the Chinee money!!!!!