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Excerpt from 'Literature Review' chapter:

How does a bank insure that the level of money laundering is kept to a minimum

...... The identification of these countries was based on the construction and implementation of an index model which assessed the internal elements of the country, elements which would be considered as fostering money laundering activities. Some of the elements include political instability, high corruption levels, high crime rates, cultural and geographic differences, or the size GDP in the destination country. Relative to the gross domestic product, it was assumed that money launderers prefer countries with higher national inputs so that their own transactions can easily become lost and untraceable in the system. Relative to corruption, countries where the phenomenon is intense have been estimated to reach money laundering levels up to 80 per cent (Walker, 1998)
Based on the same model, the following are noteworthy:
- The largest source of laundered money is considered the European continent, with an estimated yearly total of $1,281 billion
- The second largest source of laundered money is constituted by the North American continent, with an estimated $686 billion
- The Caribbean follow with a total yearly estimate of $331 billion
- The fourth largest money launderer is constituted by East Asia, with an estimated yearly total of $322 billion laundered money
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