The Financial Crimes Enforcement Network (FinCEN) has issued a new advisory detailing the significant risks posed by Chinese money laundering networks that are allegedly facilitating the laundering of billions of dollars for Mexican drug cartels. This advisory follows warnings from the US Treasury Department urging financial institutions to enhance their monitoring and screening of transactions involving Chinese passport holders. Reports indicate that these networks are intricately tied to the fentanyl trafficking trade, posing challenges for global banks managing the associated risks. Authorities stress the urgency for banks to adopt strategic reallocations and safeguard against potential laundering activities linked to these international crime syndicates.