On August 28, 2025, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (“FinCEN”) issued an advisory on Chinese Money Laundering Networks (“CMLNs”), emphasizing the growing role that these networks play in laundering proceeds for Mexico-based drug cartels. Accompanying the advisory, FinCEN published a financial trend analysis on SARs filed with FinCEN from 2020 to 2024 regarding suspected CMLN-related activity.

The advisory and accompanying analysis underscore the Administration’s commitment to prioritizing enforcement relating to activity involving CMLNs and cartels. In May 2025, Acting Assistant Attorney General Matt Galeotti highlighted “[c]omplex money laundering, including Chinese Money Laundering Organizations, and other organizations involved in laundering

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