Recently, the Chinese/Mexican Cartel laundering operation had been operating at 1-2% fees [1]. This was new and historically you're right, but the amount of mo

Recently, the Chinese/Mexican Cartel laundering operation had been operating at 1-2% fees [1]. This was new and historically you're right, but the amount of money wanting to leave China freed up cash to drive down fees. 1 - https://www.propublica.org/article/china-cartels-xizhi-li-money-laundering#:~:text=%E2%80%9CWith%20the%20Colombians%2C%20it%20had%20been%20an%2018%25%20to%2013%25%20commission%2C%E2%80%9D%20said%20Cindric%2C%20the%20retired%20DEA%20agent.%20%E2%80%9CThe%20Chinese%20are%20doing%20it%20for%201%20to%202%25%20on%20average.%20And%20the%20speed%20at%20which%20they%20do%20it%20is%20unbelievable.%20The%20Chinese%20absorbed%20the%20risk.%20You%20know%20it%20will%20get%20paid.%E2%80%9D https://www.propublica.org/article/china-cartels-xizhi-li-mo...