| 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. |