ICAIE HFSC Statement for the Record – Follow the Money: The CCP’s Business Model Fueling the Fentanyl Crisis

Today, the Chinese Communist Party (CCP) is arguably one of the world’s biggest transnational illicit trade syndicates and a prolific enabler of crime and corruption globally, whose complicity in the fentanyl illegal trade is killing thousands of Americans every month.

Find below the official ICAIE submission for the Congressional on March 23, 2023 hearing on “Follow the Money: The CCP’s Business Model Fueling the Fentanyl Crisis”, U.S. House Subcommittee on National Security, Illicit Finance, and International Financial Institutions, Financial Services Committee.

We applaud the leadership of the House Financial Services Committee and its Members for focusing on this important national security issue that deserves greater attention by the U.S. Government, and communities devastated across the nation given fentanyl’s destructive and lasting effects on our children and families.

On behalf of the International Coalition Against Illicit Economies (ICAIE), we are submitting this letter, as well as our earlier Congressional testimony on the CCP’s role in furthering these dangerous cross-border illicit threats and a recent ICAIE report on illicit trade, as a statement for the record.