> Terrorists and those who finance them are not welcome in Europe. In order to launder dirty money, criminal individuals and organisations had to look for loopholes in our existing rules which are already quite strict.
Russian mafia is living in billion dollar mansions all around EU in the open, with full knowledge of EU 3 letter services.
Why would anybody go for "retail" laundering when you can buy a bank for a pocket change in Cyprus?
Ways to launder money fully legally are vastly, vastly more widespread than mules with bags of cash, and are protected by connivance of Western governments.