Illicit Financial Transactions in Latin America

in Business Risk

Between $100 Billion to $250 Billion is estimated to be transferred in money laundering activities each year in Latin America. The amount of laundered money is equal to 2 to 5 percent of the region’s GDP.

Worldwide, an estimated $1.4 Trillion is laundered each year.

Source:  Robert Tie, “Money laundering, 21st century-style,” Fraud Magazine, July / August 2012.

Previous post:

Next post: