Chinese Money Launderers Helping Mexican Drug Cartels

Chinese banks used to wash Mexican narco money

By: Toh Han Shih

Using such tactics as “flying money,” known as fei ch’ien, or through mirror exchanges via Chinese underground banks, among others, Chinese organized crime figures are laundering millions of dollars in proceeds of drug cartels of Mexico and other Latin American countries, where Chinese banks are sometimes used to process the drug money, …