More than one trillion dollars: this is the staggering amount of money probably laundered annually in recent years, says Pierre Lapaque, chief of the section dealing with organized crime and money-laundering at the Vienna-based UNODC (United Nations Office on Drugs and Crime). In 1998, the International Monetary Fund estimated this figure to be the equivalent of between two and five per cent of global GDP. UNODC considers that such a range remains plausible today, says Lapaque.
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