Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/119351
Authors: 
Schneider, Friedrich
Year of Publication: 
2010
Series/Report no.: 
Economics of Security Working Paper 26
Abstract: 
After giving a short literature review, the paper tries a quantification of the volume of money laundering activities, with the help of a MIMIC estimation procedure for the years 1995 to 2006 for 20 highly developed OECD countries. The volume of laundered money was 273 billions USD in the year 1995 for these 20 OECD countries and increased to 603 billions USD in 2006. The overall turnover in organized crime had a value of 595 billion USD in 2001 and increased to 790 billion USD in 2006. These figures are very preliminary but give a clear indication how important money laundering and the turnover of organized crime is nowadays.
Subjects: 
Definition and stages of money laundering
volume of money laundering
MIMIC estimation
financial means of organized crime
JEL: 
K42
H26
O17
H26
Document Type: 
Working Paper

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