A key player in a most sophisticated trade-based money laundering (TBML) ring, Xianbing Gan, has been sentenced to 14 years in prison for laundering illegal narcotics proceeds on behalf of drug traffickers in Mexico.

The TBML ring laundered hundreds of millions of dollars via US merchants and traders who wired money to China where it was used to buy consumer goods that were then shipped to Latin America and sold. The proceeds of those sales were then delivered to Mexican drug cartel clients via another accomplice in the TBML ring.

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