FinCEN’s 2024 analysis uncovers $1.4bn in suspicious fentanyl-drug related transactions, exposing cartel-driven ML and trafficking networks linked to Mexico and China

The report sheds light on the sophisticated tactics used to launder illicit fentanyl proceeds, including the involvement of front companies, money mules, and intermediaries. Many of the transactions are carried out through unconventional methods, such as peer-to-peer transfers or cash transactions. The analysis also reveals the significant role of cross-border financial networks that span the U.S., Mexico, and China, indicating the global nature of the…