Worldwide anti-money laundering regulation [Recurso eletrónico] : estimating costs and benefits / Donato Masciandaro, Raffaella Barone
Idioma: Inglês.Publicação: [Milano] : Università Commerciale Luigi Bocconi. “Paolo Baffi” Centre on Central Banking and Financial Regulation, 2008Descrição física: 1 CD-ROM; 12 cmColeção: “Paolo Baffi” Centre Research Paper Series; 2008-12Assunto: 243734 | 227061 | 267209 | 234525Resumo: The aim of this article is to offer a simple framework for estimating the benefits and costs of anti-money laundering regulation, based on a prudent estimation of the economic value of the worldwide money laundering. Using the multiplier model of the relationship between criminal markets revenues and money laundering activities and data for 2004, the value of money laundering is equal to US| Item type | Current location | Call number | Copy number | Status | Date due | Barcode |
|---|---|---|---|---|---|---|
| Monografias | Biblioteca da Polícia Judiciária | PJCD98 (Browse shelf) | PJCD98 | Available | PJ1CD98_2 |
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The aim of this article is to offer a simple framework for estimating the benefits and costs of anti-money laundering regulation, based on a prudent estimation of the economic value of the worldwide money laundering. Using the multiplier model of the relationship between criminal markets revenues and money laundering activities and data for 2004, the value of money laundering is equal to US .2 trillions (2.7% of the world GDP), while the maximum theoretical benefit in combating money laundering using financial regulation- in steady state- is equal to S 80 billion (0.6% of the world GDP). If the aggregate figures keep to the previous more conservative estimates, the methodology is the crucial innovation. The estimates are the product of a explicit macro framework, and they can be replicated, improved using more consistent data, or contrasted implementing alternative models.
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