Chinese Laundering Networks: $312B Exposes Financial Systems’ Weakness

A new report from FinCEN reveals a staggering $312 billion in suspicious transactions linked to Chinese networks operating within U.S. banks, highlighting the vulnerability of fiat systems despite the limited presence of cryptocurrencies in illicit finance. These findings underscore the continued prevalence of traditional money laundering channels like real estate purchases and bank accounts while offering a stark contrast to the perceived dominance of crypto in illicit activities. 💰