Chinese 'underground bankers' accused of aiding Mexican cartel
Chinese 'underground bankers' accused of aiding Mexican cartel
Chinese 'underground bankers' accused of aiding Mexican cartel
The US accuses the Sinaloa cartel of helping to fuel a deadly epidemic by flooding the country with fentanyl, a synthetic opioid up to 50 times stronger than heroin. The DoJ highlighted a 'conspiracy' during which more than $50m in drug proceeds moved between the Sinaloa gang members and Chinese underground 'money exchanges'. It said these underground exchanges were being used by Sinaloa operatives to move their illegally acquired cash from the US to Mexico. These Chinese exchanges offer a 'ready market' for US currency, the DoJ said, explaining that some Chinese nationals want 'informal alternatives' to conventional banking because the Beijing government caps the amount of money they can take out of China.
About VocabSphere
AI-Powered English Learning Platform
Innovative Platform
VocabSphere is an innovative English learning platform that provides adaptive articles tailored to different proficiency levels. Our AI-powered system helps learners improve their vocabulary, reading comprehension, and language skills through engaging, real-world content.
Learning Benefits
By reading articles like this one, learners can expand their vocabulary, improve reading speed, and gain confidence in understanding complex English texts. Each article is carefully curated and adapted to provide the optimal learning experience for students at every level.
Difficult Words
Good Sentences
"The US has accused a Chinese 'underground banking' network of helping Mexico's powerful Sinaloa drugs cartel with money laundering and other crimes."
This is a sample explanation that demonstrates why this sentence is considered good for English learning...
"Law enforcement officers have seized about $5m in proceeds, as well as guns and hundreds of pounds of cocaine, methamphetamine and ecstasy pills."
This is a sample explanation that demonstrates why this sentence is considered good for English learning...
Download Mobile App
Only our iOS and Android apps give you full access to VocabSphere features like Forgetting Curve Vocab Book, Exercise Generation, and Personal Learning Progress Monitoring.
Download now for the complete learning experience!
Discover VocabSphere's Powerful Features
Enhance your English learning experience
Personalized Reading
Customized articles and news to match students' English proficiency levels. Get instant word translations, synonyms. Expand vocabulary effortlessly.
Vocabulary Usage
VocabSphere uses the forgetting curve principle to help you memorize words efficiently. Master every word comprehensively. Your personalized vocabulary library, available anytime, anywhere.
Exercise Generation
Create custom grammar exercises from your vocabulary library. Practice different parts of speech and sentence patterns. Teachers can also generate reading comprehension quizzes and exercises.