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For years, the Chinese communist regime has been accused of fueling the fentanyl epidemic in the United States, a claim that gained renewed attention when President Donald Trump imposed tariffs on goods from China as well as Mexico and Canada, citing their role in the drug crisis.
While many Americans know that fentanyl is smuggled into the country, few understand how the trade is financed or how illicit profits move through the U.S. financial system. A recent Treasury Department report found that Chinese money launderers have moved more than $300 billion through U.S. banks in the past five years, helping Mexican cartels hide their profits.
Here’s a closer look at how these funds move undetected despite strict U.S. banking regulations and reporting requirements.
Read the original report here.
Want to support independent Journalism? Consider subscribing to The Epoch Times. Go to theepochtimes.com
By The Epoch Times5
1515 ratings
For years, the Chinese communist regime has been accused of fueling the fentanyl epidemic in the United States, a claim that gained renewed attention when President Donald Trump imposed tariffs on goods from China as well as Mexico and Canada, citing their role in the drug crisis.
While many Americans know that fentanyl is smuggled into the country, few understand how the trade is financed or how illicit profits move through the U.S. financial system. A recent Treasury Department report found that Chinese money launderers have moved more than $300 billion through U.S. banks in the past five years, helping Mexican cartels hide their profits.
Here’s a closer look at how these funds move undetected despite strict U.S. banking regulations and reporting requirements.
Read the original report here.
Want to support independent Journalism? Consider subscribing to The Epoch Times. Go to theepochtimes.com

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