On December 19, 2025, FinCEN held a FinCEN Exchange focused on denying individual Chinese money launders access to the U.S. and global financial systems. The Exchange was attended by global financial institutions, federal law enforcement agencies, and Treasury officials.
According to FinCEN, it has received over 500 Chinese money laundering networks (CMLNs)-related Suspicious Activity Reports referencing the key term for suspected CMLN activity since its publication of FinCEN’s CMLN Advisory and Financial Trend Analysis in August. The reports described approximately $7.1 billion in suspected CMLN-related suspicious transactions occurring between December 2018 and November 2025.
During the event, FinCEN shared financial intelligence with the participating financial institutions, which are uniquely positioned to identify money laundering networks. FinCEN also emphasized the importance of BSA data and urged financial institutions to improve and maintain their BSA reporting on these networks.
Read FinCEN’s press release here.