Really can you show me a link to anyone who has been busted after layering money through multiple e-currency accounts / exchangers or better yet mixes and then cashing out with an anonymous ATM? No you can show me examples of carders who used stolen and exploited cards to drain ATMs, where LE knew to look at CCTV footage and they didn't use any disguise at all. How are you going to get caught when the trail goes absolutely dead at a blind mix? The money taken out of a blind mix can not be tied to who put it in, the money Alice takes out of the mix could have been put in my Bob or Carol or any of the thousand other people who used the mix, and if its a blind mix that will have a cryptographic proof showing that even the mix operator can not link finances in and out. That breaks the link between the coins out of the mix and the path they took prior to the mix, law enforcement can send Alice marked coins and when they get to the mix they have a thousand different potential suspects who all have an equal probability of being Alice. Alice is well protected from ever being identified as the person LE sent dirty money to (via a financial trace) at this point, her only risk is that she could be identified as using a mix which is suspect in itself. But lo and behold Alice cashed the bitcoins out to another sort of E-currency based offshore, then sold them to an exchanger in Russia for a money wire that she picked up with a fake ID, or to an ATM card she obtained with totally fraudulent documents with no links to her and cashed out at a random ATM with a mask on (not that she needs to wear a mask considering LE will never follow the trail to her cash out point, and the only reason she is using a fake identity to cash out is so she doesn't have a fifty thousand dollar deposit from no where show up in her bank account, I know people who were raided by the IRS because of how many money wires they were sending with their real ID, if they used a bunch of fake IDs to send the payments they would have never been flagged and it would mean fuck all that they were on CCTV because LE never would have known to look for them, unless you are paranoid about facial recognition algorithms and hella advanced surveillance at these places, which I guess is not something to discount entirely from possibility). LE has no chance in hell of following their marked money to Alice because of the mix and there is no way that Alice is going to be identified as using a mixing service because she layered the finances she got out from the mix through e-currency companies / cashed them out with an ATM card with no ties to her. Now Alice is left with a chunk of unaccounted for cash and you get to do all of your specialty on it to integrate it back into the economy and make it so Alice can pay taxes on it and make it blend in perfectly with her legitimate income, but its bullshit to claim the process mentioned above is not money laundering just because it doesn't specify integration techniques.