RESEARCHERS VALUE ML BY PREDICATE OFFENCE – BUT DATA IS JUST ONE FACED OF RISK-BASED APPROACH
September 1st, 2021
While the estimation of sources of laundered money is made imprecise by its inherent covert nature, the United Nations Office on Drugs & Crime (UNODC) has estimated that the amount of criminal proceeds processed annually is 2%-5% of global GDP, or USD800 billion to USD2 trillion. (1)
How that money is divided by category of criminality is an even tougher statistical task, given organised crime groups, of course, do not file accounts.
According to Interpol, drug trafficking (in 2016) generated (USD344 billion annually, counterfeit goods and cash (USD288 ...
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