ELI5 Money Laundering - what, why and how?

ELI5 Explain Like I'm 5: Bite sized answers to stuff you should know about - in a mini podcast

What is money laundering? Why can’t a criminal just spend good old fashioned cash? What are some of the ways used by criminals to launder money? Besides casinos, why are laundromats often mentioned? Why are countries like Panama and Cyprus ideal for laundering money?

... we explain like I'm five

Thank you to the r/explainlikeimfive community and in particular the following users whose questions and comments formed the basis of this discussion: courtimus, atomkanister, el_mochilero, skatingraccoon, jakob4800, mechadragon469, m34tbag, slippedtheslope and paxnova

To the ELI5 community that has supported us so far, thanks for all your feedback and comments. Join us on Twitter:

https://www.twitter.com/eli5ThePodcast/

or send us an e-mail:

[e-mail]