Major Chinese money laundering suspect detained
California man charged with laundering 'tens of millions' in drug money
By Bill Gertz - The Washington Times - Thursday, January 8, 2026
A California man charged with handling tens of millions of dollars in a Chinese money-laundering operation supporting Mexican drug cartels is being held in federal detention in Ohio, the Justice Department said Thursday.
Yan Lin, 41, appeared in federal court in Cincinnati and was described by prosecutors as a key member of a major Chinese network involved in laundering cash from drug proceeds, the department said in a statement.
Mr. Lin was indicted in November for what authorities say was his work with Mexican-based drug traffickers, including the Sinaloa Cartel, between 2022 and 2024.
He is accused of returning tens of millions of dollars to Mexico from sales of fentanyl, cocaine and methamphetamine in a cash-cleaning plot spread through numerous U.S. cities.
According to the indictment, Mr. Lin arranged through associates to deliver bulk cash that was used to buy electronics – cell phones, laptop computers and tablets – in the U.S. that were shipped to China, Hong Kong and elsewhere.
After receipt of bulk cash in public places like parking lots near shopping malls and restaurants was confirmed using photos of bills, Mexico-based drug traffickers would receive payment in Mexico in pesos or dollars, minus a commission, through what authorities say were “mirror transactions.”
One transaction in 2024 involved $27.4 million in bulk cash moved across the U.S., the statement said.
Mirror transactions are an illicit method used in money-laundering operations involving two related bank accounts, often in different countries, that carry out offsetting transactions. The activity moves value and disguises the origin with a physical transfer of cash between the parties.
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READ MORE: https://www.washingtontimes.com/news/2026/jan/8/yan-lin-suspected-chinese-money-laundering-detained/
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