Why is money laundering necessary?
In: Economics
It’s only necessary if you want to spend it on things that don’t take cash. For example real estate, new cars, airplane tickets, and other big ticket items.
Transforming cash into electronic money means entering into the legitimate “above board” system where things can be tracked.
If you walk into a bank and deposit $100k in cash, you can make up a story without proof the first time and no one is going to care. But if you do that every week, the feds are going to get supicious without some sort of paper trail.
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