Money laundering causes distortion in the economic statistics

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February 05, 2019

The money laundering industry thrives on the art of trickery. Money launderers make it difficult to detect the origin of illegitimate money. The risks of money laundering go beyond the financial sector and impact the economy in its entirety. It is difficult to assess the exact monetary impact of money laundering activities on a country’s economy. However understanding the direct and indirect impact on law-abiding citizens, various sectors and country, is the first step towards shaping stronger anti money laundering policies.