There is a third way. Financial institutions cannot facilitate money laundering (well...). But they can’t just let that hang. You do due diligence, you’re eithe

There is a third way. Financial institutions cannot facilitate money laundering (well...). But they can’t just let that hang. You do due diligence, you’re either happy that the business looks legit enough, or you have doubts . In the latter case you inform authorities, and they sort the question. Either you get the go ahead or you’re dealing with a criminal, and the state takes it out of your hands. You can imagine a similar model for payments. The bank can’t just indefinitely say “umm not sure”, it has to go one way or the other.