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Lawmakers: Chinese Networks Enable Drug Cartels

Channel

NTD

Published

June 10, 2026

BS Score

88.21%

Analysis source

gemini

A House Financial Services subcommittee hearing exposed how Chinese money laundering networks have become the dominant professional money launderers for drug cartels, moving vast illicit proceeds while helping procure fentanyl precursors. Treasury data shows roughly $312 billion in suspicious activity linked to these networks from 2020 to 2024 across hundreds of U.S. banks and money service businesses. -- 📺 Watch NTD News 24/7 on cable, broadcast, and streaming: https://www.ntd.com/watch -- 🧶More NTD Programs: https://www.ntd.com/programs?utm_source=YouTube&utm_medium=SocialM -- 🇺🇸 Stay updated with breaking news, special reports, and LIVE COVERAGE on NTD: https://ept.ms/NTDlive_ -- 🔵Sign up for our newsletter to stay informed with NTD News. 👉https://www.ntd.com/newsletter.htm?utm_source=YouTube. If the link is blocked, type in NTD.com manually to sign up. -- 🔵 Watch more: https://www.ntd.com/?utm_source=YouTube&utm_medium=SocialM - 🔵 Watch NTD Original Documentaries: https://vimeo.com/user109504031/vod_pages - 🍀 Support NTD 👉 https://donorbox.org/ntd -- © All Rights Reserved.