China and Mexico are the leading players in a robust and sophisticated global financial system supporting the fentanyl trade, the US Treasury Department claimed Wednesday in a report on bank secrecy that could provide more ammunition as Washington targets Beijing in a potentially devastating trade war.
The picture that develops – from the compilation of filings that banks are required to submit on potentially shady transactions – includes a resilient and shadowy network of wire transfers, social media marketing, casinos, cash transactions, money laundering, e-commerce, call centres and illegal online pharmacies, all to finance the deadly opioid trade.
