Friday, April 20, 2018
Thursday, April 19, 2018
How Chinese gangs are laundering drug money through Vancouver real estate
April 19 2018
Criminal syndicates that control chemical factories in China’s booming Guangdong province are shipping narcotics, including fentanyl, to Vancouver, washing the drug sales in British Columbia’s casinos and high-priced real estate, and transferring laundered funds back to Chinese factories to repeat this deadly trade cycle, a Global News investigation shows.
The junket operators are organized crime lenders. Traditionally, the junkets have laundered Asian heroin money and facilitated capital flight from China, by extending loans to Chinese high-rollers to purchase chips in Macau casinos.