It's worth noting that this - and other non-crypto remittance schemes - rely on the end exchange agent having access to large amounts of physical US cash.
This article doesn't go into where that comes from, but it's not unusual for criminal gangs to launder money this way. The agent themselves might not be a criminal, but they take often use the cash supplies from one and transfer back the value somewhere else (via a legitimate business) less a commission.
This article doesn't go into where that comes from, but it's not unusual for criminal gangs to launder money this way. The agent themselves might not be a criminal, but they take often use the cash supplies from one and transfer back the value somewhere else (via a legitimate business) less a commission.