The Financial Crimes Enforcement Network issued warnings on the threats posed by Chinese money laundering networks to the U.S. financial system.
FinCEN issues advisory on Chinese money laundering networks
August 29, 2025 / By ICBA
The Financial Crimes Enforcement Network issued warnings on the threats posed by Chinese money laundering networks to the U.S. financial system.
The Financial Crimes Enforcement Network issued warnings on the threats posed by Chinese money laundering networks to the U.S. financial system.
Details: FinCEN issued:
An advisory urging financial institutions to be vigilant in detecting the use of CMLNs by Mexico-based drug cartels, including several designated as foreign terrorist organizations.
A financial trend analysis highlighting the scope and breadth of CMLN activity in the United States.
Scope of the Threat: FinCEN said it analyzed 137,153 Bank Secrecy Act reports filed by financial institutions between January 2020 and December 2024 associated with suspected CMLN-related activity, totaling approximately $312 billion in suspicious transactions.
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