Reported 8 months ago
The U.S. Department of Justice has announced a 10-count indictment on Tuesday accusing Mexico's Sinaloa Cartel of conspiring with a Chinese underground money laundering operation in Los Angeles to launder over $50 million in drug proceeds. The collaboration between the cartel and the Chinese crime network in the U.S. allowed the Sinaloa to continue producing and exporting deadly drugs to America. The operation involved Chinese citizens transferring funds through non-traditional banking systems to assist the cartel in money laundering activities. The report also mentions ongoing anti-drug cooperation between the U.S. and China following the 'Bid-Xi Summit' between Presidents Biden and Xi Jinping, as well as discussions on fentanyl issues and drug control efforts between the two countries.
Source: YAHOO