U.S. law enforcement officials are increasingly focusing their attention on the use by Mexican drug cartels of shell companies and corporate bank accounts in China and Hong Kong to launder proceeds from narcotics sales, sources told ACAMS moneylaundering.com.
The U.S. Drug Enforcement Administration published the 2019 edition of its National Drug Threat Assessment, concluding that the use and trafficking of fentanyl and methamphetamine continues to be a challenge for the agency.
January 30, 2020
According to a Justice Department press release, Bing Han and Lei Zhang pleaded guilty in the Southern District Court of California to charges of operating an unlicensed money transmitting business.
February 3, 2020
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