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Can Money Laundering Decrease?

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  • Brigitte Unger

Abstract

After two decades of research on money laundering, it seems time to look at what we know and what progress has been made in research. One simple question is whether we know if money laundering has increased, stayed constant, or decreased over these years. This article shows that over the last two decades, money laundering could hardly have decreased. This is largely because the concept of money laundering has broadened. However, there are also some hints that traditional areas of laundering such as fraud and corruption proceeds have increased rather than being effectively combated. There may be potential for money laundering to decrease in the future.

Suggested Citation

  • Brigitte Unger, 2013. "Can Money Laundering Decrease?," Public Finance Review, , vol. 41(5), pages 658-676, September.
    • Handle: RePEc:sae:pubfin:v:41:y:2013:i:5:p:658-676
    DOI: 10.1177/1091142113483353
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    References listed on IDEAS

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    1. Schneider, Friedrich, 2005. "Shadow economies around the world: what do we really know?," European Journal of Political Economy, Elsevier, vol. 21(3), pages 598-642, September.
    2. Brigitte Unger, 2007. "The Scale and Impacts of Money Laundering," Books, Edward Elgar Publishing, number 12690.
    3. 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.
    4. Schneider, Friedrich G., 2007. "Shadow Economies and Corruption All Over the World: New Estimates for 145 Countries," Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), Kiel Institute for the World Economy (IfW Kiel), vol. 1, pages 1-66.
    5. B. Unger & J. Ferwerda, 2008. "Regulating Money Laundering and Tax Havens: The Role of Blacklisting," Working Papers 08-12, Utrecht School of Economics.
    6. Brigitte Unger & Joras Ferwerda, 2011. "Money Laundering in the Real Estate Sector," Books, Edward Elgar Publishing, number 13952.
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    Cited by:

    1. John Cullis & Bruce Morley, 2017. "A methodology for determining the ‘cash economy’ in the European Union via an announcement effect," European Journal of Law and Economics, Springer, vol. 44(1), pages 113-129, August.

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