U.S. DOJ sentences Chinese national to 15 years and orders $25M forfeiture for role in ML organisation that moved more than $92M in illicit funds, including drug proceeds linked to Mexican cartels

Prosecutors said the defendant participated in a Chinese money-laundering organisation that handled more than $92 million in illicit proceeds, including funds generated through drug trafficking into the United States. The court also ordered $25 million in forfeiture, underlining the scale of the network and the financial penalties attached to the conviction…