The Scale and Impacts of Money Laundering
Show Less

The Scale and Impacts of Money Laundering

Brigitte Unger

The book gives an interdisciplinary overview of the state-of-the-art of money laundering as well as describing the legal problems of defining and fighting money laundering. It then goes on to present a number of economic models designed to measure money laundering and applies these to measuring the size of laundering in The Netherlands and Australia. The book also gives an overview of techniques and potential effects of money laundering identified and measured so far in the literature. It adds to this debate by calculating the effects of laundering on crime and economic growth.
Buy Book in Print
Show Summary Details
You do not have access to this content

Chapter 4: Measuring Money Laundering for Australia and the Netherlands with Melissa Siegel and Joras Ferwerda

Brigitte Unger


4. Measuring Money Laundering for Australia and the Netherlands 1 With Melissa Siegel and Joras Ferwerda 4.1. THE CONTROVERSY ON GLOBAL MONEY LAUNDERING – IS IT BIG OR SMALL? Before measuring money laundering for specific countries, one has to face the principle question of whether it can be measured on a large scale at all. The calculations of international flows of money laundered streaming into a country depend on worldwide money laundering, which again depends on the amount of worldwide crime and the proceeds of crime. So, one must rely on some of the international estimates regarding the global proceeds of crime and money laundering in order to say something about specific countries. The question is, how much can one trust the global estimates? Global money laundering estimates are based on estimates of global crime and its proceeds. There seems to be a controversy going on between those who believe that the proceeds of crime and money laundering are small compared to other sectors of the economy, and those who believe that they are huge. This chapter supports the view that money laundering is sizeable. This view conforms to International Organizations such as the United Nations and the International Monetary Fund (IMF), which see global crime and global money laundering as a huge problem. The UNDP (1996, p. 3) showed that the estimated annual illicit drug turnover in the 1990s was about US$400 billion, 6 times higher than official development aid (US$69 billion in 1995). The drug sector accounts...

You are not authenticated to view the full text of this chapter or article.

Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.

Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.

Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.

Further information

or login to access all content.