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Date: April 29, 2024 Mon
Time: 11:34 pm
Time: 11:34 pm
Results for financial crime (mexico)
1 results foundAuthor: Kar, Dev Title: Mexico: Illicit Financial Flows, Macroeconomic Imbalances, and the Underground Economy Summary: This study provides estimates of illicit financial flows (IFFs) from Mexico over the period 1970 – 2010 and examines the underlying drivers and dynamics in the context of a simulation model. Since the data needed to run the simulation model are only available for the period 1971-2008, the analysis of the factors driving illicit flows is confined to this shorter period. In our definition, money is deemed to be illicit if the source, use or movement of the funds is illegal. All flow estimates are based on cross-border transfers of illicit money and do not take into account illicit money being laundered inside the country. Moreover, illicit flows resulting from drug trafficking and other illicit activities that are settled in cash are not captured by economic models such as the ones used in this study. Given the inherent understatement of illicit flows estimated through economic models and methods, we use the non-normalized (or robust) estimate of illicit flows throughout the study, although normalized or conservative estimates are also presented in the Appendix for purposes of comparison. That said the magnitude and growth rate of illicit flows out of Mexico are indicative of the severity of the problem faced by policymakers. Details: Washington, DC: Global Financial Integrity, 2012. 96p. Source: Internet Resource: Accessed February 11, 2012 at http://www.gfintegrity.org/storage/gfip/documents/reports/mexico/gfi_mexico_report_english-web.pdf Year: 2012 Country: Mexico URL: http://www.gfintegrity.org/storage/gfip/documents/reports/mexico/gfi_mexico_report_english-web.pdf Shelf Number: 124088 Keywords: Drug TraffikcingFinancial Crime (Mexico)Transnational CrimeUnderground Economy |