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A comment on Bizarre Shadowy Paper-Based Payment System Being Rolled Out Worldwide. Parent comment

Re:Bizarre Shadowy Paper-Based Payment System Being Rolled O... by Retric on Tuesday February 18, 2014 @11:25AM (#7258969)
Cash sucks for serious money laundering. It's fairly anonymous in small quantities but start talking about millions/ billions and it's bulky enough to be hard to transport across borders and each bill is tracked by serial number which means spending it involves a lot of leg work. Gold is way better than cash when it comes to money laundering.

PS: Drug kingpins have been known to dump small denomination bills as not worth the hassle.

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Re:Bizarre Shadowy Paper-Based Payment System Being Rolled O... by cschmidt on Tuesday February 18, 2014 @11:59AM (#7259237)
I thought that was the main use of the $100 bill. Supposedly 2/3 of the $100 bills circulate outside the US [1], presumably for money laundering type activities.

[1] http://en.wikipedia.org/wiki/United_States_one_hundred-dolla...

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Re:Bizarre Shadowy Paper-Based Payment System Being Rolled O... by Retric on Tuesday February 18, 2014 @12:36PM (#7259549)
US Cash is often used for Legal transactions outside the US. Basically, people often trust USD more than there local currency's. Either from inflation concerns or simply there ability to spend it outside of there home country.
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