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I've always assumed that when illicit things are well-known enough that I've read about them in the mainstream press that probably means criminals have moved on to something else long ago.

It's a bit like "top secret" military tech. If you're reading about it that means it's old news that no one can be bothered to keep a secret any more.

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Maybe, but if it's not broke, don't fix it. There seems to be very little political will to do much about money laundering.

They do require your average Joe to report the source of the funds upon bank deposit, declare cash in excess of $10k at airports and bank transfers in excess of that are the object of increased scrutinity, all in the name of "preventing money laundering". Big time crooks are using shell companies, cryptocurrencies, AirBnb and other means to launder money.

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