Chinese “money brokers” in the United States are helping Latin American drug cartels move cash by routing it through channels that US authorities can’t access. It’s the ultimate “F*** you” to America as the relationship between the US and China continues to decline. 

These “money brokers” also provide services for wealthy Chinese citizens who want to move more money abroad annually than Chinese law allows. These individuals pay steep fees of up to 10%, which allows the brokers to offer very low rates to the cartels. 

“When there is need by the cartels for cash to be laundered, and there is demand for cash from the Chinese, you have a perfect marriage made in heaven,” explains DEA agent Donald Im. “The Chinese brokers are very important to the Mexican and Colombian cartels.”

Chinese expatriates living in the US and Mexico have the “systems and infrastructure” in place to launder drug proceeds so cheaply that the cartels receive “almost 100%” of their money, says Im. Even more surprising, China seems to be offering its services to all cartels without preference. And the cartels aren’t fighting over it.

In February, a Chinese businessman named Gan Xianbing was convicted of money laundering after he was caught running an unlicensed money-transfer business. His arrest was made possible with help from Lim Seok Pheng, a Singapore national and former member of his money laundering ring who decided to cooperate with officials after she was arrested in May 2018.

Lim wore a recording device to help gather evidence against Gan and brought DHS agents into the operation as money couriers during cash pick-ups in Chicago. Gan was arrested in November 2018 at the Los Angeles International Airport while traveling from Mexico to Hong Kong. Authorities have accused him of moving up to $65 million in cartel cash from 2016 until his arrest. 

As explained by prosecutors during Gan’s trial, the illicit transfers were conducted using code words, burner phones, and Chinese banking apps. The exchanges were made without help from American financial institutions and didn’t require the movement of physical cash across borders. 

“It’s the most sophisticated form of money laundering that’s ever existed,” said a source close to the investigation.

China’s growing cooperation with drug cartels presents a real challenge to the DEA and its anti-narcotics efforts in Mexico. Agents typically locate their targets by following the money, but China isn’t going to lift a finger to help the DEA track money flowing into China.

“I can’t emphasize this enough, the involvement of the Chinese has really complicated all of these schemes,” said a senior DEA official.

Among the latest signs that drug cartels are growing in power is a recent proposal from the Mexican President to strip DEA agents of diplomatic immunity and force them to share all information they obtain with the Mexican government (read more here).

Authorities in the US have brought charges against suspected members of Chinese money laundering rings in Virginia and Oregon. Both cases are pending.

Author’s Note: We can expect Chinese authorities to look the other way and allow this to continue.

Sources: 

Burner phones and banking apps: Meet the Chinese ‘brokers’ laundering Mexican drug money

Special Report: Burner phones and banking apps: Meet the Chinese ‘brokers’ laundering Mexican drug money

Factbox: Step by step – How Chinese ‘money brokers’ launder cash for Mexican drug cartels

7 thoughts on “China is Helping the Mexican Drug Cartels”
  1. It抯 actually a nice and helpful piece of information. I抦 satisfied that you simply shared this helpful information with us. Please stay us informed like this. Thanks for sharing.

  2. If you are looking to buy a baby pug, Black and white pugs, Mini pug puppies for sale, Black and tan pug for sale, Teacup pug puppies for sale, Female pug puppies, pug puppies for sale, pug puppies for sale near me, pug puppies for sale under $500 near me.
    Pug Puppies for Sale Near Me
    pugs puppies for sale
    teacup pugs for sale
    pug puppies for sale by owner
    pug puppies ohio
    PUG PUPPY FOR SALE NEAR ME
    PUG PUPPIES FOR SALE
    pug puppies for sale in kentucky
    Pug Puppies for Sale Under $500 Near Me
    pug puppies for sale in texas
    pug puppies for sale $200
    pugs for sale near me under $500
    pugs for sale under $400 near me
    pugs for sale near me
    puppies for sale near me under $500
    pug puppies for sale under $1,000 near me
    pug for sale
    pug puppies for sale under $300
    Brindle Pug
    Pitbull Pug Mix
    Pugs for sale cheap
    Cheap pug
    affordable pug puppies for sale near me
    black pugs for sale near me
    White Pugs for sale
    pug dog for sale
    free pug puppies
    pug puppies for sale in my area
    mn pug breeders
    pug puppies indiana
    pugs for sale michigan
    PUG PUPPY ADOPTION
    Pug puppies for sale
    Pug puppies for sale near me

    Pug puppies near me
    Pug Puppies for Sale Under $500 Near Me

    Cute Pug Puppies

    Black pug puppies
    Black pug puppies for sale

    pug puppies for adoption

    black pug puppies for sale near me

    chihuahua pug mix puppies

    how much is a pug puppy

    teacup pug puppies

    baby pug puppies

    baby pug puppies for sale

    pictures of pug puppies

    pug puppies for sale in Ohio

    pug puppies price

    pug mix puppies

    teacup pug puppies for sale

    best food for pug puppy

    newborn pug puppies

    pug puppies craigslist

    pug puppies for sale craigslist

    adorable pug puppies

    how much does a pug puppy cost

    Pitbull pug mix puppies

    pug pit mix puppy

    pug puppies for sale $200

    pug puppies for sale in NJ

    Pug puppies for sale in Wisconsin

    pug puppy cost

    pug puppy food

    royal canin pug puppy
    royal canin pug puppy food

    fawn pug puppy

    pug puppies for sale florida

    pug puppies for sale in Indiana

    pug puppies for sale in KY

    pug puppies for sale in NC

    pug dog puppy

    AKC Registered Pug Puppies For sale

    cheap pug puppies for sale near me

    cheap pug puppies for sale in California

    cheap pug puppies for sale in nj

    Black Pug Puppies for sale

    pugs puppies for sale

Leave a Reply

Your email address will not be published. Required fields are marked *