Why is Money Laundering a crime?

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I seriously don't understand why it's just "assumed" money laundering should be a crime. All this crime does is give law enforcement an insane amount of powers to abuse the rights of their citizens.

So I'm a major drug dealer that deals tons of crack cocaine and of course I kill off my competition. But God forbid I actually used a BANK in the course of my illegal activities!!

The fact that I traffic tons of drugs and murder people isn't enough? The vast majority of Bitcoin supporters I would assume agree that money laundering is a made up crime used by the government to control us and enforce the power up the top 1%

Some other people on this forum act like it's a legit criminal offense. What am I missing?

submitted by /u/Pink-Fish
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