Converging Criminal Enterprises: Chinese Money Laundering Networks and Cartel... (EventID=119366)

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Connect with the House Financial Services Committee » Get the latest news: https://democrats-financialservices.house.gov/ » Follow us on Facebook: https://www.facebook.com/USHouseFSC » Follow us on Twitter: https://x.com/USHouseFSC » Follow us on Instagram: https://www.instagram.com/ushousefsc/ » Follow us on Bluesky: https://bsky.app/profile/ushousefsc.bsky.social ___________________________________ » Subscribe: https://www.youtube.com/@USHouseFSC?sub_confirmation=1 ___________________________________ On Tuesday, June 9, 2026, at 10:00 AM (ET) Subcommittee on Oversight and Investigations Chair Huizenga and Subcommittee Ranking Member Green will host a hearing entitled, “Converging Criminal Enterprises: Chinese Money Laundering Networks and Cartel Financing in the U.S. Financial System." ___________________________________ Witnesses for this one-panel hearing will be: • Ms. Liana Rosen, Specialist in International Sanctions and Financial Crimes in the Foreign Affairs, Defense, and Trade Division, Congressional Research Service • Mr. Leland Lazarus, Founder and Chief Executive Officer, Lazarus Consulting • Mr. John Cassara, Special Agent, U.S. Treasury (Retired) • Mr. Louis DeTitto, Chief Executive Officer, MissionLytics ___________________________________ This hearing will analyze how Chinese money laundering networks (CMLNs) are increasingly using sophisticated schemes to launder money through the U.S. financial system on behalf of Latin American drug cartels. Members will assess how these partnerships not only result in the laundering of billions of dollars in drug proceeds but also enable the purchase of fentanyl precursor chemicals, further fueling the opioid crisis. The hearing will also feature discussion about what these partnerships mean for the integrity of the U.S. financial system. #moneylaundering #china #congress #financialservices #accountability #trump #oversight #fraud #consumerprotection #oversightcommittee #transparency #cartel ___________________________________ Hearing page: https://democrats-financialservices.house.gov/events/eventsingle.aspx?EventID=415331