FinCEN's analysis of bank reporting between 2020 and 2024 identified more than 137,000 suspicious activity reports or SARs tied to CMLN activity. Again, that's Chinese money laundering networks. 137,770 suspicious activity reports generated by our banks tied to Chinese money laundering, totaling approximately $312 billion in suspicious transactions. Again, that was between 2020 and 2024. Unfortunately, our federal law enforcement agencies have been hampered by serious information sharing obstacles that prevent effective combating of this illicit financing. (05:54–06:13)
CLAIM
Asserts that suspicious activity reports tied to Chinese money laundering totaled approximately $312 billion.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
