Inside The Chinese Money-Laundering Network Fueling America's Fentanyl Crisis

 Fueling the fentanyl epidemic across the US are Chinese money launderers helping international drug traffickers, like Mexican cartels.

Murphy explained, "Drug addicts in the US are facilitating the Western education of Chinese youth, as well as helping to fund the lifestyles of other Chinese nations living outside China."

In a separate report last week, FT's Joe Miller and James Kynge published an in-depth analysis of the Chinese-Mexican laundering network in a report titled "The new money laundering network fuelling the fentanyl crisis."

The report sheds light on the less understood part of the money laundering operation - the demand for dollars from wealthy Chinese individuals.

Previous cases of money laundering in the US involving Chinese nationals have raised serious questions about how much Beijing knows about these dark laundering networks.

A recent Wall Street Journal report revealed that Chinese crime groups and drug traffickers used the Toronto-Dominion Bank to launder money from US fentanyl sales.

In mid-April, the House Select Committee on China revealed that the Chinese Communist Party used tax rebates to subsidize the manufacturing and exporting of fentanyl chemicals to overseas customers.

https://www.zerohedge.com/geopolitical/dark-chinese-laundering-network-fueling-americas-fentanyl-crisis