THE GLOBAL RESPONSE TO MONEY LAUNDERING

We can also measure crime profits...

• “Crime in Australia costs $A11-21 bn, and profits are $A6-8 bn per year”

(John Walker Crime Trends Analysis, 1996)

•"Illegal grey economy in Czech Republic about 10% of GDP”

(Hospodárské Noviny, 2 Apr 98)

• "$30bill illegal drugs reach the US from Mexico each year"

(Chicago Tribune, 25 Mar 98)

• "Shadow business in Russia's economy may range between 25% -50%"

(TASS 17 Mar 98)

• "UK black economy between 7-13% of GDP"

(Sunday Telegraph, 29 Mar 98)

• "$50-250bn illegally moved from Russia to Western banks in 5 years"

(Russian Interior & Economics Ministries, April 99)

• "Illicit drug sales (in the USA) generated up to $48bn a year in profits"

(Congressional hearing, April 99)

• "Illegal profits total 2-5% of world GDP or $1-3trillion"

(Dow Jones News, 12 Mar 98)

$ How big are crime profits around the world, and where are they generated?

(…but let’s not pretend it’s accurate because criminals don’t file tax returns!)