The Shadow Currency of Crime The recent surge in $100 bills being laundered and used by criminal enterprises is a stark reminder that even in the digital age, physical cash remains an essential tool for those seeking to conceal their illicit activities.
As journalist Oliver Bullough notes in his book Everybody Loves Our Dollars: How Money Laundering Won, the persistence of high denomination banknotes is a ticking time bomb, waiting to unleash a torrent of corrupt funds onto the global financial system.
The relationship between cash usage and technological advancements is more complex than one might assume.