Chinese underground banks are the financial lifeline of organized crime groups worldwide: TRM Labs

According to a May 2025 report from TRM Labs, Chinese underground banking networks have become critical for the operations of organized crime groups worldwide. These networks, also known as “fei qian” or flying money, operate in the shadows and function outside traditional banking regulations, and as a result, facilitate an array of illicit activities, from […] source: https://www.cryptopolitan.com/chinese-underground-banks-organized-crime/