Chinese money laundering networks have gained significant power, processing 20% of global illicit cryptocurrency flows. Their activities have helped money laundering grow from $10 billion in 2020 to over $82 billion in 2022, with various service types evolving to facilitate these transactions.

Chinese money-laundering networks have become the primary players in a vast illicit money-services industry, facilitating the transfer of profits from various criminal activities, including drug trafficking and scams. A report from the Treasury highlights the importance of scrutinizing suspicious transactions involving Chinese nationals to enhance law enforcement efforts against these operations.