Home | Databases | WorldLII | Search | Feedback Edited Legal Collections Data

Walker, John; Unger, Brigitte --- "Measuring global money laundering: the ‘Walker Gravity Model’" [2013] ELECD 918; in Unger, Brigitte; van der Linde, Daan (eds), "Research Handbook on Money Laundering" (Edward Elgar Publishing, 2013) 159

Book Title: Research Handbook on Money Laundering

Editor(s): Unger, Brigitte; van der Linde, Daan

Publisher: Edward Elgar Publishing

ISBN (hard cover): 9780857933997

Section: Chapter 13

Section Title: Measuring global money laundering: the ‘Walker Gravity Model’

Author(s): Walker, John; Unger, Brigitte

Number of pages: 13

Abstract/Description:

Data on crime and crime prevention which are a prerequisite for measuring money laundering have improved substantially within the last two decades. In particular, the international community now has a detailed knowledge base on the illicit drug economy. The UN calculates the cultivation and production of opium and cocaine worldwide quite accurately (see UN World Drugs Report 2008; UNDOC 2011). The annual UNODC International Crop Monitoring Programme Surveys provide annual statistics on the cultivation and production of drugs, as well as prices, yield and the farm gate, wholesale and retail market valuations that are calculated from them (see also the contribution of Pietschmann in this volume for the Cocaine market, Chapter 16). The economics of money laundering which aims at exploring the scale and impact of illicit funds is a relatively new field (see e.g. Masciandaro et al. 2007; Unger 2007). Producing reliable estimates of laundering is essential for this strand of literature.