Bitcoin Money Laundering

No, thats why things like BTC Tumblers/ Laundering exist.

If you're a good citizen who has nothing to hide it's true, you make "simple" A->B transactions that are out in the open for all to see. If you're doing something shady and are worried about being tracked there are ways to launder your coins by mixing them, converting them to other currencies, going through multiple exchanges under different jurisdictions etc... It's probably not as easy now than it used to be, it's true, but it's still way easier than

Bitcoin is more traceable than cash, but surely creative criminals have worked out a way to launder it?

How do you launder money with Bitcoin that you were unable before?

You are not wrong, unless there's some way to buy bitcoin by cash or some other untraceable means (Western Union?). I think many people are confusing laundering with other things like tax evasion. They're distinctly different.

Not necessarily. You could easily funnel the coins through multiple addresses, and then use them to pay for illicit goods, which would then be sold on the black market. Or you could use them at a gambling site which returns real money. Techniques like these are often used by organized crime to launder money, I imagine with btc it is even easier.

That's what laundering is for. I'm not that familiar with bitcoins. How easy would it be to launder the coins?

Not if you know what you're doing, no. Investigations of previous thefts have shown that you can't really hide bitcoins by shuffling them around. However there is a number of bitcoin addresses from services like exchanges that you can transfer bitcoins into and then out of to effectively launder money. An investigator would need the cooperation of the exchanges to track this money. The attacker will almost certainly move this money through a half dozen or more exchanges in equally many legal jur

Why would people use Bitcoin for money laundering?

It’s not the crypto transactions that would get you, I think. It’s turning that crypto into hard currency: This is money laundering, and while lots of criminals successfully launder money, quite a bit of effort is expended at all levels to make handing someone large volumes of cash—for any purported reason—difficult to do unscrutinized.