That doesn't make sense to me. You're saying the banks won't let the criminal put their cash in the bank, but if the criminal converts the cash to bitcoins and back to real money they somehow will?
Either way I don't think places like Dubai or Switzerland have any problem with Russian drug money.
Physical cash to local bitcoins (placement); send bitcoins abroad and/or invest them in a bitcoin related busines (layering, integration), report bitcoin profits in that jurisdiction and bring them into banking system (integration).
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That doesn't make sense to me. You're saying the banks won't let the criminal put their cash in the bank, but if the criminal converts the cash to bitcoins and back to real money they somehow will?
Either way I don't think places like Dubai or Switzerland have any problem with Russian drug money.
Physical cash to local bitcoins (placement); send bitcoins abroad and/or invest them in a bitcoin related busines (layering, integration), report bitcoin profits in that jurisdiction and bring them into banking system (integration).
It's easier to drip out as you need it, which is less suspicious
Or exchange for goods outside the traditional financial system.