01722nam a2200205   4500001000700000100004100007101000800048200013800056210012900194215002000323225006000343300008100403330089200484606003001376606002301406606002501429606001601454700002401470701002201494387839  a20090819d2008       y0pory50      ba  aeng  aWorldwide anti-money laundering regulationbRecurso eletrónicoeestimating costs and benefitsfDonato Masciandaro, Raffaella Barone  a[Milano]cUniversità Commerciale Luigi Bocconi. “Paolo Baffi” Centre on Central Banking and Financial Regulationd2008  a1 CD-ROMd12 cm  a“Paolo Baffi” Centre Research Paper Seriesv2008-12  aResumo inserto na publicação. Ficheiro de 134 KB em formato PDF (23 p.).  aThe 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 US1.2 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 S280 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.  aBRANQUEAMENTO DE CAPITAIS  aMERCADO FINANCEIRO  aANÁLISE FINANCEIRA  aREGULAMENTO  aMASCIANDARObDonato  aBARONEbRaffaella