Table of Contents

Research Handbook on Money Laundering

Research Handbook on Money Laundering

Elgar original reference

Edited by Brigitte Unger and Daan van der Linde

Although the practice of disguising the illicit origins of money dates back thousands of years, the concept of money laundering as a multidisciplinary topic with social, economic, political and regulatory implications has only gained prominence since the 1980s. This groundbreaking volume offers original, state-of-the-art research on the current money laundering debate and provides insightful predictions and recommendations for future developments in the field.

Chapter 14: A preliminary attempt to estimate the financial flows of transnational crime using the MIMIC method

Andreas Buehn and Friedrich Schneider

Subjects: economics and finance, economic crime and corruption, law - academic, corruption and economic crime, politics and public policy, terrorism and security

Extract

Until 2008, growth of the world economy was quite high and improved economic well-being all over the globe. This development was, however, accompanied by some risks too. One of them is transnational organized crime (TOC), which has risen remarkably in the last 20 years. This raises the following two questions: (1) From where does transnational crime get its proceeds; and (2) What do we know about their size and development? In this chapter, question (1) will be briefly answered, but the main focus lies on providing a more detailed answer to question (2) on the size and development of the finances of transnational crime. A detailed analysis of the financial proceeds of TOC and its sources is crucial in order to reduce its possibilities, so that the basis of its operations is at least limited.

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