Estimating money laundering flows with a gravity model-based simulation.

ABSTRACT: It is important to understand the amounts and types of money laundering flows, since they have very different effects and, therefore, need different enforcement strategies. Countries that mainly deal with criminals laundering their proceeds locally, need other measures than countries that mainly deal with foreign illegal investments or dirty money just flowing through the country. This paper has two main contributions. First, we unveil the country preferences of money launderers empirically in a systematic way. Former money laundering estimates used assumptions on which country characteristics money launderers are looking for when deciding where to send their ill-gotten gains. Thanks to a unique dataset of transactions suspicious of money laundering, provided by the Dutch Institute infobox

SUBMITTER: Ferwerda J 

PROVIDER: S-EPMC7596494 | biostudies-literature | 2020 Oct

REPOSITORIES: biostudies-literature