“When you have larger narco proceeds that need to be laundered back to Columbia, Mexico, or somewhere else around the globe, Chinese money launderers are relied upon to do that on a much greater scale than they were in the past. They are very sophisticated, professional, and can get the job done quickly,” says Nardello & Co. Managing Director Christopher Urben in the recently released Financial Times short film Chinese Brokers Launder Hundreds of Millions for Global Crime Groups.
Chinese money launderers are facilitating the fentanyl epidemic and helping international drug traffickers, like Mexican cartels and the Italian mafia, launder the proceeds of crime. In their short film, the Financial Times explores the connection between capital flight from China and global organized crime. Throughout their investigation, Chris Urben, a former DEA agent, breaks down the relationships at play and sheds light on the implications of Chinese money launderers’ involvement in the global drug trafficking market.
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