De Nederlandsche Bank paper measures flow of trade-based money laundering
A De Nederlandsche Bank paper published on Wednesday finds evidence that money laundering is increasingly being conducted through licit exports and imports.
Joras Ferwerda, Mark Kattenberg, Han-Hsin Chang, Brigitte Unger, Loek Groot and Jacob Bikker, the paper’s authors, use a data set of trade-based money laundering flows from the US to 199 countries to measure illicit money laundering flows through traditional gravity models borrowed from international trade theory.
The authors note that while
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