US Charges Two Chinese Nationals With Laundering Funds for Major Drug Cartels

US prosecutors have charged two Chinese nationals with conspiring to launder money for transnational criminal organisations, including the Sinaloa Cartel and the Jalisco New Generation Cartel (CJNG).

An indictment unsealed in the Eastern District of Virginia names Ruhuan Zhen and Hongce Wu. Prosecutors allege that the organisation operated across the United States, Mexico, Latin America, China and other jurisdictions, moving proceeds from narcotics including cocaine and fentanyl.

Both defendants were fugitives when the charges were announced. The indictment contains allegations, and the defendants are presumed innocent unless proven guilty.

Source: US Department of Justice.