It means that we are more likely to be used by criminals in the layering stage of money laundering rather than in other stages of the process.
*  *  *  I would like to thank the conference organizers for the opportunity to offer a few remarks on the causes of the 2007–09 financial crisis as well as on the Federal Reserve’s policy response. The topic is a large one, and today I will be able only to lay out some basic themes.