I don't get why people are doing the blanqueo

[pixer12]

What am I missing? What benefits do they get for participating? Favorable tax treatment on the assets, which presumably they wouldn't have paid if they hadn't regularized the assets in the first place?

I thought people here didn't trust local banks, ergo why they kept USD in the colchón in the first place.

 

[redlobster]

What am I missing? What benefits do they get for participating?

Have you watched Breaking Bad? Do you know why Mr. White and Skyler had a car wash business?

I thought people here didn't trust local banks, ergo why they kept USD in the colchón in the first place.

If you earned the money in the old-fashioned way, paid taxes on it, and have paystubs, you can just bring them to the bank without needing the 'blanqueo' program.