Money laundering and the financing of terrorism: the role of offshore business

Authors

DOI:

https://doi.org/10.14595/PES/05/014

Abstract

Money laundering and the financing of terrorism are financial crimes with economic effects that enable offshore companies to make money around the world. It is estimated that the total annual amount of money laundered through offshore centers is around 8.5 trillion US dollars. The authors of this paper study the issue of money laundering and the financing of terrorism with particular attention to the role played by offshore business.

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Published

2018-10-09

Issue

No. 5 (2018): Progress in Economic Sciences

Section

Articles

License

Articles in Progress in Economic Sciences in printed and online versions are published on the basis of Open Access principles under CC - Creative Commons Attribution. Authors are free to use texts published in the journal.