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Ahh yes the good ol “harder to launder dirty money argument.

But, > money laundering doesn’t work like that. You don’t have large cash payments, you have a ton of smaller cash payments.

> big banks launder money, have better oversight there instead of restricting cash

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Money laundering, like drugs, starts in larger amounts and is broken down further down the chain it goes.

Those $5 and $10 bills getting laundered started from a $50K transaction getting laundered.

Right but you don’t make a large “payment”. You break down the large sun into a smaller one outside the system. When it enters the legal system, the amount is smaller. Unless of course, you use banks.

Not always. A popular step is to buy an expensive car in Germany using cash, then bring it to another country. Germany is central to many money laundering schemes because of the prevalence of cash payments there.

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