Abstract
The international fight against money laundering is costly. This does not have to be a problem if the benefits of this international fight outweigh its costs. Perhaps these are necessary costs to protect our societies. When we agree that crime should not pay, the main question is: At what cost? How much would we be willing to spend on making crime less worthwhile? An efficiency analysis can inform us. In this chapter we discuss what we should know and what we do know about a) the amount of money laundering (is money laundering so big that we should fight it?) b) the effects of money laundering (is it really a problem when money is laundered?) and c) whether the fight against money laundering is worth it (what does a cost-benefit analysis tell us?).
Original language | English |
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Title of host publication | Research Handbook on Transnational Crime |
Editors | Valsamis Mitsilegas, Saskia Hufnagel, Anton Moiseienko |
Place of Publication | Cheltenham |
Publisher | Edward Elgar Publishing |
Chapter | 9 |
Pages | 112-121 |
Number of pages | 10 |
ISBN (Electronic) | 9781784719449 |
ISBN (Print) | 9781784719432 |
DOIs | |
Publication status | Published - 13 Dec 2019 |