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US accuses Chinese ‘underground bankers’ of laundering $50m in cartel drug money

US accuses Chinese ‘underground bankers’ of laundering m in cartel drug money

Justice department charges 24 defendants and says long investigation reveals links between Sinaloa gang and China

The US Justice Department has accused Chinese “underground bankers” of helping Mexico’s Sinaloa cartel launder more than $50m in drug trafficking proceeds.

An indictment unsealed in California charged 24 defendants with conspiracy to distribute cocaine and methamphetamine and money laundering offenses.

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