Issue 26
| November 3, 2011
A quick and easy way to update yourself on the latest UNODC
and international drugs and crime news
UNODC News
Highlights
Illicit money: how much is out there?
 25 October 2011 - Criminals, especially drug traffickers, may have laundered around $1.6 trillion, or 2.7 per cent of global GDP, in 2009, according to a new report by UNODC. This figure is consistent with the 2 to 5 per cent range previously established by the International Monetary Fund to estimate the scale of money-laundering. The report, entitled "Estimating illicit financial flows resulting from drug trafficking and other transnational organized crimes", also notes that less than 1 per cent of global illicit financial flows is being seized and frozen. [Read More] of money-laundering October 2011 - Criminals, especially drug traffickers, may have laundered around $1.6 trillion, or 2.7 per cent of global GDP, in 2009, according to a new report by UNODC. This figure is consistent with the 2 to 5 per cent range previously established by the International Monetary Fund to estimate the scale of money-laundering.
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