Chinese National Pleads Guilty for Teaming Up With Mexican Drug Cartels to Launder Drug Money

On June 30, 2020, a Chinese national pleaded guilty for conspiring to launder money with regards to drug trafficking related operations.

According to STL News, the Chinese national, Xueyong Wu, was laundering over $4 million in drug money that was generated through massive scale cocaine trafficking in the U.S.



The court documents highlighted that Xueyong Wu built relations with Latin American drug trafficking outfits to transfer and launder American-based drug revenues. Wu is scheduled to receive his sentence on September 29, 2020.

A good portion of Wu’s money was repatriated to Mexico through a complicated set of international financial transactions. A percentage of the money that Wu received in these transactions came from laundering activities.

The bulk of this money made through the flow of cocaine or payments for cocaine all took place within the Eastern District of Virginia.

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