Chinese Money Launderers Helping Mexican Drug Cartels (2024)

FAQs

Who is the biggest drug trafficker of all time? ›

Joaquín "El Chapo" Guzmán

Guzman is the most notorious drug lord of all time, according to the U.S. Drug Enforcement Administration (DEA).

Drug trafficking refers to the illegal production, distribution, and sale of drugs, while money laundering involves disguising the proceeds from these illegal activities to make them appear legitimate.

Since its break with the Beltrán Leyva, the Sinaloa Cartel has created such temporary alliances with former enemies of the Gulf Cartel and the Familia Michoacana, and reportedly negotiated a pact with the Tijuana Cartel.

They have been served by fast-growing underground banking networks that use casinos, online betting platforms and cryptocurrencies to launder the traffickers' money.

According to Mexican and U.S. authorities, most of Tijuana is under the dominance of the Sinaloa cartel, while Luis Fernando Sánchez Arellano of the Tijuana cartel remains the "head of that puppet empire".

Smurfing is a money-laundering technique that involves the structuring of large amounts of cash into multiple small transactions. This is done in order to conceal the source of the money.

Illegal drugs in the United States create a huge black market industry, an estimated $200-$750 billion a year in size, with the current decade seeing the largest per person drug usage per year in American history.

The Sinaloa Cartel (Spanish: Cártel de Sinaloa, CDS, after the native Sinaloa region), also known as the Guzmán-Zambada Organization, the Federation, the Blood Alliance, or the Pacific Cartel, is a large, international organized crime syndicate based in the city of Culiacán, Sinaloa, Mexico that specializes in illegal ...

Are there any cartels in the United States? ›

Cartel activities are not confined to the southern border states of California, Arizona, New Mexico and Texas. Even small towns in the least populated states are impacted.

The Jalisco New Generation Cartel (Spanish: Cártel de Jalisco Nueva Generación) or CJNG, is a Mexican criminal syndicate, based in Jalisco and headed by Nemesio Oseguera Cervantes ("El Mencho"). The cartel has been characterized by extreme violence and public relations campaigns.

On the other hand, websites centered on the following political topics are often censored: Falun Gong, police brutality, the 1989 Tiananmen Square protests and massacre, freedom of speech, democracy, the Tibetan independence movement, and the Tuidang movement.

Loving money has been institutionalized. Money is in every aspect of Chinese culture and society. For example, the Chinese believe that one who has money makes a better marriage candidate. It is still a common practice in China to have arranged marriages, especially in well-off families.

Money launderers routinely use offshore banks, because they are easy and inexpensive to use. Law enforcement and regulatory officials rely on the intermediation of financial institutions as choke points to collect data about fund movements.

Jesús Malverde (pronounced [xeˈsus malˈβeɾðe] "bad-green Jesus"; born Jesús Juárez Matzo Campos, 15 January 1870 – 3 May 1909), commonly referred to as the "generous bandit", "angel of the poor", or the "narco-saint", is a folklore hero in the Mexican state of Sinaloa.

Sinaloa cartel, international crime organization that is among the most-powerful drug-trafficking syndicates in the world. It is based in Culiacán, Sinaloa state, Mexico. Its origins can be traced to the Guadalajara cartel, which was one of Mexico's largest crime organizations in the early 1980s.

The richest drug dealer according to Forbes is currently Joaquin Guzman Loera (Mexico) the head of the Sinaloa Cartel who has an estimated fortune of USD£;1 billion (GBP£;722 million) gained from drug trafficking.