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The Financial Flows of the Transnational Crime: Some Preliminary Empirical Results

  • Friedrich Schneider

Until 2008, the growth of the world economy was quite strong and improved the economic well-being all over the globe, but this development was also accompanied by some risks. One of them is transnational crime, which has shown a remarkable increase in the last 20 years3. This raises the following two questions: (1) How is transnational crime financed, and what do we know about this financing? (2) What economic implications does transnational crime have? In this contribution question (2) will be very briefly answered, however the main focus lies on providing a more detailed answer on the financing of transnational crime (question 1). Additionally a detailed analysis of the finances of transnational crime is crucial to reduce their financial options, so that the basis of their operations is at least limited. Such an analysis is another goal of this chapter. My paper is structured as follows: section 2 provides a literature review on the kinds of transnational crime financing. Section 3 shows the infiltration of transnational crime into the economic system. In section 4 some conclusions and policy recommendations are drawn.

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Paper provided by DIW Berlin, German Institute for Economic Research in its series Economics of Security Working Paper Series with number 53.

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Length: 16 p.
Date of creation: 2011
Date of revision:
Handle: RePEc:diw:diweos:diweos53
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  1. Friedrich Schneider, 2004. "Shadow Economies around the World: What do we really know?," IAW Discussion Papers 16, Institut für Angewandte Wirtschaftsforschung (IAW).
  2. Brigitte Unger, 2007. "The Scale and Impacts of Money Laundering," Books, Edward Elgar, number 12690, July.
  3. Mohammed El Qorchi & Samuel Munzele Maimbo & John F. Wilson, 2003. "Informal Funds Transfer Systems; An Analysis of the Informal Hawala System," IMF Occasional Papers 222, International Monetary Fund.
  4. Elöd Takáts, 2007. "A Theory of "Crying Wolf"; The Economics of Money Laundering Enforcement," IMF Working Papers 07/81, International Monetary Fund.
  5. Bagella Michele & Busato Francesco & Argentiero Amedeo, 2009. "Money Laundering in a Microfounded Dynamic Model: Simulations for the U.S. and the EU-15 Economies," Review of Law & Economics, De Gruyter, vol. 5(2), pages 879-902, December.
  6. Friedrich Schneider & Ursula Windischbauer, 2010. "Money Laundering: Some Facts," Economics of Security Working Paper Series 25, DIW Berlin, German Institute for Economic Research.
  7. Krueger, Alan B., 2008. "What makes a homegrown terrorist? Human capital and participation in domestic Islamic terrorist groups in the U.S.A," Economics Letters, Elsevier, vol. 101(3), pages 293-296, December.
  8. Walker John & Unger Brigitte, 2009. "Measuring Global Money Laundering: "The Walker Gravity Model"," Review of Law & Economics, De Gruyter, vol. 5(2), pages 821-853, December.
  9. Zdanowicz John S., 2009. "Trade-Based Money Laundering and Terrorist Financing," Review of Law & Economics, De Gruyter, vol. 5(2), pages 855-878, December.
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