Estimates of the extent of money laundering in and through Australia / prepared for the Australian Transaction Reports and Analysis Centre, by John Walker Consulting Services
Published
Queanbeyan, N.S.W. : John Walker Consulting Services, 1995
1. Introduction: defining money laundering -- 2. Counting money laundering: why are official statistics unhelpful? -- 3. The quantitative connection between the proceeds of crime and money laundering -- 4. A first stab at quantifying money laundering in Australia -- 5. The survey and questionnaire -- 6. The results of the survey -- 7. Estimates based on proceeds of crime monitoring: restraining orders -- 8. Estimates based on understatement of income data -- 9. Estimates based on reports of suspect financial transactions -- 10. Estimates based onflows of finance through Australian banks and international transfers -- 11. Effects on the Australian economy -- 12. The effects of overseas money laundering -- 13. Summary and conclusions
Summary
This study has looked at the scarce data available to measure money laundering, and assembled a number of estimates of the extent of money laundering in and through Australia. Between $1000 and $4500 million of hot money is believed to be generated in Australia and laundered, either in Australia or sent overseas
