Chinese money laundering networks (CMLN) put about $2 trillion of illicit money back into the global financial system each year, according to John Cassara, a former Treasury special agent and the author of “China-Specified Unlawful Activities: CCP Inc., Transnational Crime and Money Laundering.”
That’s on par with Russia’s GDP, which is the 11th largest in the world.
Think of how much underlying crime $2 trillion of money laundering can support annually.
Join Terri to explore the brief history of CMLNs, their potential threat to U.S. national security, and hear experts’ recommendations on the next steps.
Views expressed in this episode are opinions of the host and guests and do not necessarily reflect the views of The Epoch Times.
