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In response to the emerging threat Chinese money laundering organizations (CMLOs) pose to our nation’s security, Homeland Security Investigations (HSI) recently established the Cross-Border Financial Crime Center (CBFCC) – a public-private partnership – to strengthen the United States’ anti-money laundering framework. The CBFCC convenes domestic law enforcement agencies, partner nation authorities, financial institutions, and financial technology companies to support the prosecution, disruption, and dismantlement of Mexican cartels, CMLOs, and other criminal actors engaged in illicit cross-border financial activity. This seminar will focus on the rise of CMLOs operating throughout the United States, and how Mexican cartels and other transnational criminal organizations increasingly rely on CMLOs to move, conceal, and launder billions of dollars of criminal proceeds. CMLOs represent one of the most worrisome new threats in combating transnational organized crime. Virtually unheard less than a decade ago, CMLOs – comprising small cells of Chinese visa holders, lawful permanent residents, and U.S. citizens – have become one of the dominate actors in laundering money within the United States. These networks, many with suspected associations with Fujian Organized Crime groups, have become key cogs in the multi-billion-dollar criminal empires run by Mexican cartels and other transnational criminal organizations. The actions of CMLOs enable the deadly flow of fentanyl across our southern border to continue, levying lethal consequences on everyday Americans. Using case studies and compelling vignettes, HSI’s CBFCC will describe how CMLOs use complex money laundering schemes, such as underground banking, to move vast sums of dirty money quickly, cheaply, and quietly. Attendees will gain insights from the CBFCC into the increasingly challenging threat environment, including investigative ramifications for law enforcement agencies throughout the United States.

PRESENTER: Brian Davis, Director, Cross-Border Financial Crime Center, DHS/Homeland Security Investigations

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