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Mapping global money laundering trends: Lessons from the pace setters

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  • Vaithilingam, Santha
  • Nair, Mahendhiran

Abstract

This paper uses an exploratory data analysis tool to map countries according to key factors--internet penetration rates, brain drain, efficiency of legal system, and effective tax and financial systems on the incidence of money laundering. Pace setters and laggards in the pervasiveness of money laundering for 88 countries will be identified. The results indicate that pace setters have high development of internet adoption, low incidence of brain drain, sound legal, tax and financial systems, and low incidence of money laundering. From the study, key policy initiatives adopted by pace-setter countries to reduce money laundering activities were examined.

Suggested Citation

  • Vaithilingam, Santha & Nair, Mahendhiran, 2009. "Mapping global money laundering trends: Lessons from the pace setters," Research in International Business and Finance, Elsevier, vol. 23(1), pages 18-30, January.
    • Handle: RePEc:eee:riibaf:v:23:y:2009:i:1:p:18-30
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    References listed on IDEAS

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    1. Swenson, Deborah L., 2001. "Tax Reforms and Evidence of Transfer Pricing," National Tax Journal, National Tax Association;National Tax Journal, vol. 54(1), pages 7-26, March.
    2. Tomohara, Akinori, 2004. "Inefficiencies of Bilateral Advanced Pricing Agreements (BAPA) in Taxing Multinational Companies," National Tax Journal, National Tax Association;National Tax Journal, vol. 57(4), pages 863-873, December.
    3. Swenson, Deborah L., 2001. "Tax Reforms and Evidence of Transfer Pricing," National Tax Journal, National Tax Association, vol. 54(n. 1), pages 7-26, March.
    4. Mr. Vito Tanzi, 1996. "Money Laundering and the International Financial System," IMF Working Papers 1996/055, International Monetary Fund.
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