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Event Brief

Two Chinese nationals charged in US cartel money laundering

Ruhuan Zhen and Hongce Wu were indicted for conspiracy to launder drug cartel money, the US Justice Department said.
WHO: U.S. Department of Justice
WHAT: Indicted Ruhuan Zhen and Hongce Wu for conspiracy to launder money for drug cartels.
WHEN: May 22, 2026 at 1:52 PM ET
WHERE: USA
WHY: They allegedly hid the source of illegally obtained funds for drug cartels using methods including mirror transfers, encrypted apps, and trade schemes.

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