Issues of Money Laundering

  • Money laundering and the financing of terrorism are global problems that not only threaten security, but also compromise the stability, transparency and efficiency of financial systems, thus undermining economic prosperity.
  • The International Monetary Fund estimates that laundered money generates $590 billion to $1.5 trillion per year, which constitutes approximately two to five percent of the world’s gross domestic product.
  • Money laundering can have devastating economic and social consequences for countries, especially those which are developing countries or those with fragile financial systems.