Centro de Documentação da PJ
Monografia
 CD98 |
Worldwide anti-money laundering regulation [Documento electrónico] : estimating costs and benefits / Donato Masciandaro, Raffaella Barone.- [Milano] : Università Commerciale Luigi Bocconi. “Paolo Baffi” Centre on Central Banking and Financial Regulation, 2008.- 1 CD-ROM ; 12 cm. - (“Paolo Baffi” Centre Research Paper Series ; 2008-12)
Resumo inserto na publicação. Ficheiro de 134 KB em formato PDF (23 p.).
BRANQUEAMENTO DE CAPITAIS, MERCADO FINANCEIRO, ANÁLISE FINANCEIRA, REGULAMENTO
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$ 1.2 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$ 280 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.