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Why is avoiding "money laundering" (whose modern legal incarnation can apparently be trace to the misguided days of Prohibition) a laudable goal? As far as I can see, the concept amounts to inventing a new crime to force third parties such as banks to help law enforcement do its job of preventing and/or punishing actual crimes. In doing so, it undermines the fungibility of money, makes the financial system more costly / less efficient, and leads to systematic persecution of and inconvenience for people innocent of any crime (e.g. those who get into legal hot water for "structuring transactions").

The whole idea should be scrapped.