Washington, June 11 (IANS) Republican lawmakers and expert witnesses told a congressional hearing that Chinese money laundering networks have become key financial partners for Mexican drug cartels, helping move billions of dollars in illicit proceeds through the global financial system and complicating US efforts to combat fentanyl trafficking. The issue was examined this week by the House Financial Services Subcommittee on Oversight and Investigations, which focused on how Chinese money launder…
Latest House Financial Services Subcommittee News & Updates
Washington, March 6 (IANS) Artificial intelligence and deepfake technology are accelerating financial scams in the United States, lawmakers were told, as banks and credit unions warned that criminals are using increasingly sophisticated tools to impersonate victims, manipulate consumers, and steal billions of dollars.During a hearing of the House Financial Services Subcommittee on Financial Institutions, lawmakers examined the growing threat of fraud and scams targeting American families, senior…