Ill-Gotten Money and the Economy: World bank publication

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The new World Bank study entitled Ill-Gotten Money and the Economy, Experiences from Malawi and Namibia reveals the magnitude of “dirty” and corrupt money and shows how the recycling of ill-gotten money and other related underlying criminal acts negatively affect economic development and poverty reduction.The high economic cost of criminal activities such as corruption, tax evasion and its related “dirty money” flows reinforces the need for developing country policy makers and practitioners to act effectively –and early- to curb such activities.

The study also confirms that well-designed anti-money laundering measures such as the use of financial intelligence can be useful tools in combating corruption, tax evasion and other financial crimes.
 

Pdf file link: here