Why does dirty money need to be washed? Because in most countries, money earned from illegal activities is not allowed to enter banks. 1/?
Drug dealers, human traffickers, and illegal weapons dealers can't just roll up to the bank with $100k in cash and deposit it. 2/?
Banks=required to report suspicious activity. (in 🇺🇸, any transfer over $10k gets noted, & suspicious activity is reported to FinCEN) 3/?
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