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25 May 2012
   
 
 
Article by: Creamer Media Reporter
 
 
 
 
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Estimating illicit financial flows resulting from drug trafficking and other transnational organised crime - 3 120 KB
 

Criminals may have laundered around $1.6-trillion in 2009, one fifth of that coming from the illicit drug trade, according to a new report by the United Nations Office on Drugs and Crime (UNODC).

The $1.6-trillion represents 2.7% of global gross domestic product (GDP) in 2009, says the agency. This figure is in line with the range of two to five per cent of global GDP previously established by the International Monetary Fund (IMF) to estimate the scale of money-laundering.

The report, entitled Estimating illicit financial flows resulting from drug trafficking and other transnational organised crime, also says that the “interception rate” for anti-money-laundering efforts at the global level remains low.

Edited by: Creamer Media Reporter
 
 
 
 
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