The myth of money laundering’s 2-5 percent of global GDP
Of mythical numbers, facts by repetition, and truths by mantra.
Estimating the quantum of illicit funds laundered is dauntingly complex, but – redolent of researchers’ observations of “mythical numbers” and “facts by repetition” – the frequently quoted “IMF consensus range” of 2-5 percent of global GDP appears devoid of evidential foundation.
