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…
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Washington, June 3 (IANS) Two Republican lawmakers have introduced legislation aimed at countering China’s Belt and Road Initiative (BRI), arguing that Beijing is using infrastructure financing and investment deals to expand its economic and strategic influence around the world.Congressman Scott Fitzgerald of Wisconsin and Congressman Zach Nunn of Iowa on Tuesday unveiled the Thwarting Regional Adversary Investments Now (TRAIN) Act and the Build Responsible Infrastructure Development for the Glo…