US Busts Major Chinese-Mexican Cartel Money Laundering Scheme

Federal agencies charge 24 individuals in a $50 million drug money laundering operation involving the Sinaloa Cartel and Chinese underground banking networks.

A multi-year investigation led to the indictment of 24 people for laundering over $50 million in drug proceeds.
The scheme involved cooperation between the Sinaloa Cartel and Chinese underground banking groups in Los Angeles.
Authorities seized significant quantities of drugs, cash, and firearms during the operation.
The investigation highlighted the increasing role of Chinese money laundering networks in facilitating cartel operations.
Recent arrests in China and Mexico mark a rare collaboration in international law enforcement efforts.