Treasury's Nelson on Chinese Money Laundering

"challenges for detection and disruption."

Posted 5/3/24

In testimony before the U.S. Senate Caucus on International Narcotics Control last week, Under Secretary for Terrorism and Financial Intelligence Brian Nelson Before the U.S. Senate Caucus on International Narcotics Control directed lawmakers attention to Chinese money laundering organizations (CMLOs).

CMLOs offer several advantages for illicit actors. These money launderers are insular, decentralized, and rely on interpersonal relationships among the Chinese diaspora to conduct business, making them difficult for law enforcement to penetrate.

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