News

French police in the past two months have dismantled two networks that allegedly laundered at least €100 million for Paris-based drug traffickers by routing the funds through Chinese textile wholesalers and separately through Pakistani-led construction companies. An initial investigation led to the Sept. 27 arrest of six individuals of Chinese origin working for five companies in the French capital's textiles district, and the seizure of €250,000 in cash. Eleven days later, on Oct. 8, police detained six individuals of Pakistani origin, and seized an additional €825,000 in bank accounts and another €675,000 in cash. "Both cases involve significant amounts of...