In August 2025, the Treasury Department's Financial Crimes Enforcement Network, or FinCEN, issued an advisory warning that these Chinese networks help cartels launder proceeds from fentanyl trafficking and human trafficking, causing significant harm to American communities. 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. (05:30–05:50)
CLAIM
Asserts that FinCEN identified over 137,000 suspicious activity reports tied to Chinese money laundering networks between 2020 and 2024.
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