Investigative journalist Sam Cooper recently published an interview with David Asher, a former senior investigator for the State Department, discussing Toronto-Dominion Bank’s shockingly lax anti-money laundering (AML) program and its potential connection to a Chinese Communist Party-run North American money laundering network. This network is believed to launder billions of dollars in fentanyl cash through a “command and control” structure based in Toronto, which has contributed to more than 100,000 Americans and Canadians perishing each year due to overdose deaths from fentanyl poisoning.
Asher explained that the Chinese command and control center for North American drug money laundering is controlled by Chinese Triad leaders like Tse Chi Lop, who are working with the CCP to facilitate global money laundering and drug trafficking operations involving Mexican cartels flooding the US with illicit drugs. This is part of the CCP’s strategy of weaponizing drug cartels against Western countries.
According to Asher, TD Bank is “the tip of a deep iceberg,” raising questions about what the bank’s leadership in Canada knew about its operations in the US. He also pointed out that the Chinese government appears to be underwriting the reverse opium war, which involves Chinese organized criminals laundering fentanyl proceeds in the US.
Asher highlighted that TD Bank failed to effectively monitor, detect, and report suspicious activities of Chinese fentanyl laundering networks, suggesting that this may be just one example of a larger issue involving other major banks in the US and Canada. He also mentioned that the House Select Committee revealed how the CCP used tax rebates to subsidize the manufacturing and exporting of fentanyl chemicals to Mexican cartels, which then manufacture illicit fentanyl drugs. These Chinese organized criminals in the US subsequently launder the proceeds.
Cooper noted that the Financial Transactions and Reports Analysis Centre of Canada has total visibility on massive fentanyl laundering into Canadian banks but questions whether Justin Trudeau and his office would make this a priority for enforcement by the Royal Canadian Mounted Police (RCMP. Cooper’s reporting in Vancouver discovered how Chinese students were first used to carry bags of drug cash into casinos, which then washed these funds from fentanyl into luxury condos and mansions. This contributed to both Canada’s housing affordability crisis and fentanyl deaths.
However, when Covid shuttered Canadian casinos, the Chinese Triads evolved by having students open bank accounts and carry bundles of fentanyl cash straight into bank deposits across North America. The full interview discussing US government investigations into the CCP’s command and control money laundering network in North America can be viewed at The Bureau.
