Chinese national sentenced in North Carolina for laundering drug trafficking proceeds
A Chinese national was sentenced today in the Western District of North Carolina to 15 years in prison and ordered to forfeit $25 million, according to the source. The case concerns the defendant's role in a Chinese money laundering organization, or CMLO, that laundered more than $92 million in illicit funds. The source says the money included proceeds from the importation and distribution of illegal drugs into the United States. The laundering network was tied primarily to drug trafficking activity moving through Mexico into the United States. No further operational details, co-defendants, or enforcement outcomes are provided in the source... [Continue Reading]
Breaking-360LiveNews | 18 Aug 2026 21:02 LONDON
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