Posted on 09/08/2025 5:08:54 PM PDT by nickcarraway
Money laundering isn’t new — and neither is China’s role in it. Millennia ago, Chinese merchants developed schemes to “clean” the profits of commercial trade and avoid taxation. Today, their successors are doing much the same. Only now, they’re laundering billions through the U.S. financial system and fueling one of the deadliest fentanyl-fueled drug crises in American history.
In a step in the right direction, the Treasury Department’s Financial Crimes Enforcement Network (known as FinCEN) issued a sweeping advisory on Aug. 28 warning that Chinese money laundering networks now represent “one of the most significant money laundering threat actors facing the U.S. financial system.” Few Americans have heard of these Chinese networks, but they are using our local, regional and national banks to scrub Mexican cartel cash clean. The government must do more to shut them down.
The numbers are staggering. Alongside its advisory, FinCEN released a financial trend analysis based on more than 137,000 suspicious activity reports filed between January 2020 and December 2024. Those reports flagged transactions totaling more than $312 billion across more than 1,000 financial institutions in the United States. That includes $33 billion in cash deposits linked in part to Chinese nationals with no verifiable income, $53.7 billion in questionable real estate transactions, and $9.7 billion in potentially fraudulent import-export schemes.
(Excerpt) Read more at yahoo.com ...
I watched Cocaine Fiends (1935) last night.
Look at 1:10 of this trailer. A Chinese dope peddler and his buddhist idol signal of someone intruding.
https://www.youtube.com/watch?v=cSCSPP02yoM
DEA laundering millions of dollars for the drug cartels Dec 5, 2011 - NY Times
Report: Homeland Security Officials Took Millions in Bribes to 'Look the Other Way' on Drug Cartels December 31, 2016
Like in China.....execution on the spot...funds confiscated...bill for the bullet to relatives...organs for sale by the state.
Using Canadian banks.
Seems like some of the DOGE type geniuses could use AI to ID and stop the money launderers — there must be patterns and tells for something of this scale. I have to assume that some highly placed “public servants” don’t want it stopped.
The military should be watching the blue state western ports.
They’re all in cahoots with China…ie the Port of Portland, Seattle and those in Newscumland.
If China is “fueling one of the deadliest fentanyl-fueled drug crises in American history”, what were the other fentanyl-fueled drug crises, and did China fuel them too?
China doesn’t ship actual fentanyl, they ship the precursors, which are essentially the ingredients to make fentanyl, and they ship them to Mexico and other countries like Venezuela, not US ports.
The fentanyl epidemic has only one cause: undesirables among us CHOOSE to use it, or other drugs to which fentanyl may have been added. Bad choices frequently have bad consequences. Stop saving them with Narcan and we will be rid of them.
And execute all drug dealers and traffickers, from street level to Kingpin. Within a year of their capture, prosecution, trial, appeal, and execution to be completed.
That is not entirely true. Doctors also prescribe power painkillers irresponsibly, and don’t give patients the proper support. I’ve seen many cases - professional athletes taking painkillers after their bodies are pounded. Someone gets into a car accident.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.