Kenneth Rijock

Kenneth Rijock

Tuesday, September 29, 2020

CHINESE NATIONAL SENTENCED TO FIVE YEARS IN U.S. FOR MONEY LAUNDERING FOR MEXICAN CARTELS

 


 

A Chinese national XUEYONG WU a/k/a "Antonio" who pled guilty to money laundering in US District Court in the Eastern District of Virginia, was sentenced to five years, and ordered to forfeit $4.2m. Wu moved drug profits earned in the US to Mexico's cartels, through what was described as a series of complex financial transactions. Compliance officers in the Northern Virginia, District of Colombia, Maryland area may want to check their client records to see whether Wu held accounts there.


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