Anna JibladzeperspectiveRussian sanction-dodgers, Chinese gangsters & Mexican cartelsThe full-scale invasion of Ukraine happened more than three years ago, which means full-scale Western sanctions on Russia did too. Just as today, it is the desire of wealthy Chinese people to evade capital controls that drives innovation and growth in money laundering methods. “Chinese money laundering networks are global and pervasive, and they must be dismantled,” said FinCEN Director Andrea Gacki. So they hand them over to Chinese gangs, which in turn sell them to wealthy Chinese people looking to spend in the West. FinCEN has issued an advisory with guidance on what Chinese Money Laundering Networks look like, which makes very interesting reading, especially its long list of “red flags”, each one helpfully illustrated by an actual red flag.