Why Money Launderers Love $100 Bills

Physical currency in circulation, particularly $100 bills, has increased despite declining cash use among consumers, according to journalist Oliver Bullough, author of "Everybody Loves Our Dollars: How Money Laundering Won." Bullough discussed the topic on Bloomberg's Odd Lots podcast, addressing how large denominations circulate through criminal enterprises and parallel financial networks. The episode examined methods including asset exchanges between drug trafficking organizations and legitimate businesses, and structural similarities between modern money laundering and historical banking practices.

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