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U.S. Treasury Targets Chinese-Mexican Cartel Money Laundering

9/7/2025

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Summary

Story summary

The U.S. Treasury is increasing efforts to track drug cartel funding.
Findings show Chinese money laundering networks are working with Mexican cartels.
From 2020 to 2024, FinCEN identified $312 billion in suspicious transactions.
Authorities sanctioned two Mexican banks and one brokerage for laundering cartel money.
Treasury officials urge banks to monitor unusual cash deposits from Chinese individuals.

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Story summary

The U.S. Treasury is increasing efforts to track drug cartel funding.
Findings show Chinese money laundering networks are working with Mexican cartels.
From 2020 to 2024, FinCEN identified $312 billion in suspicious transactions.
Authorities sanctioned two Mexican banks and one brokerage for laundering cartel money.
Treasury officials urge banks to monitor unusual cash deposits from Chinese individuals.