Chinese money laundering scheme boosts drug trafficking in US ...Middle East

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Chinese money laundering scheme boosts drug trafficking in US
Over the last five years, the world was oblivious to a dramatic shift in international money laundering, which occurred when one criminal organization ceded management of its revenue stream to another. This was a bloodless coup, which is why it went unnoticed. However, the implications are profound for law enforcement and compliance departments throughout the private sector.    The clandestine shake up: Chinese organized crime has taken over money laundering for the Mexican drug cartels, providing a more efficient system for transferring drug sales profits to Mexico. This has increased net profits for the cartels and empowered them to expand their operations.    To understand the gr

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