Posted BY: John A. Cassara

Illicit proceeds are the catalyst driving the tragedies surrounding the open U.S. border. Yet few realize the quiet ascendency of Chinese money launderers. They are displacing Colombians and Mexicans.

Their preferred methodology is the Black-Market Peso Exchange (BMPE). It is arguably the largest and most effective money laundering methodology in the Western Hemisphere. The evolution of the BMPE is an excellent case study of how international criminal networks adapt and how China is taking over.

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