Hi, I'm reading your post and it's interesting to hear about money laundering. I have been quite close to this modality, I even worked in a small business where the owner owned a BMW and a Mercedes Benz, then I found out that he was the front man for a very high ranking character in my country. It's not unusual for that to happen and I think this country is a giant money launderer.
I also heard once that in order to launder money through cryptosystems, you had to go through a bank to get it. However, sometime someone came to me to look for a BTC seller in this country because he had a buyer with a lot of dollars in cash (I am talking about 6 digits) and we know that in Venezuela, it is not very normal for this to happen so all the alarms went off and I said to myself: "this smells like money laundering", I did not want to go into that business and I simply said that I did not know anyone. 😑
Very good your contribution, unfortunately everything has its pros and cons.
Cheers!
You can notice that in my publication I did not refer to our country.
This is an open secret in Venezuela. Government representatives commit money laundering daily, as a result of the robbery of the nation's coffers, illegal mining, corruption in general and, above all, drug trafficking.
We are protected by a narco state, that is the reality and it is impossible to hide it.
Thank you for your contribution to my publication, valuable comments.