Money laundering... was extremely common in the Federation.
There was far too much Dirty Money in the Federation that needed laundering.
The money gangs earned through illegal businesses such as smuggling had to be laundered.
The money vicious bandits and robbers obtained by robbing banks, trucks, and trains had to be laundered.
Even the money in the hands of public officials who had committed corruption and other crimes related to their positions had to be laundered.
At present, the fees charged by the Federation's money-laundering industry had mostly exceeded fifty percent, fluctuating between fifty and fifty-five percent.
In other words, if someone needed money laundered, they would pay one hundred dollars, and in the end, these Underground Banks would only give them forty-five to fifty dollars through legal channels.
Half of it was taken away, and they still had to pay taxes on that legal income.
If an Underground Bank lacked sufficient power and didn't have particularly sophisticated methods, then after one hundred dollars of Dirty Money had been cleaned and deposited into a bank, only twenty or thirty dollars might remain.
And they shouldn't complain that it was too little. This was currently the peak period for money laundering in Federation society.
With the full implementation of the Exit Tax, a great deal of international hot money that had made a fortune in the Federation now had to pay an enormous price to leave! They would rather turn one hundred dollars into fifty than pay the Exit Tax. At the very least, it was far cheaper.
Where there was a market and demand, there would be suppliers.
This was also the period when the Federation was cracking down hardest on Underground Banks. After all, once a bank laundered money and sent it out of the country, it represented a