Money laundering, terrorist financing, corruption

The cost of bribes paid around the world each year is between $ 1.5 trillion and $ 2000 billion.

That is 2 % of the world's Gross Domestic Product (GDP). For comparison, world military spending represents 2.2 % of world GDP. From a regional point of view, corruption would cost Europe between 179 and 990 billion euros per year.
The September 11, 2001 attack would have required funding of $ 500,000. Causing 3,251 deaths, this act also resulted in the destruction of movable and immovable property for more than 13 billion dollars. According to the Terrorism Analysis Center, the attacks of November 13, 2015 in France were funded to the tune of 82,000 euros collected in particular thanks to the help of Daesh, the sale of a bar, collections in mosques or even to family help.

Finally, according to the International Monetary Fund (IMF), the volume of money laundering represents between 2 and 5 % of world GDP.

In 1996 we spoke of 590 to 1,500 billion dollars laundered, in 2009 it was estimated that the laundering of revenues derived in particular from drug trafficking was about 1.6 trillion dollars, or 2.7 % of world GDP . Faced with these staggering figures, it is clear that there is an urgent and effective need to fight money laundering, the financing of terrorism and corruption. This is one of the main missions of Financial Intelligence Units. However, how is cooperation between these Cells set up on a European scale or even more on a global scale? What are the differences between the different national FIUs? This is what we will see in this book by comparing the functioning of more than ten cells in the world.

Prefaces by Mr. De Kerchove, European Union coordinator for the fight against terrorism, and Mr. De Ricolfis, deputy director for the fight against financial crime, DCPJ.

Sandra Birtel holds a Masters degree from the University of Paris I Panthéon-Sorbonne, a Masters 2 Compliance officer from the University of Strasbourg and is currently completing a second Masters 2 in Homeland Security. She has just obtained the bar exam in Luxembourg and will finish her university studies by starting a law thesis next year on the evolution of the profession of compliance officer.
Former compliance officer in investment funds and banking institutions Sandra now has her compliance consulting and training company in Luxembourg, BLL Consulting. She is also an author, speaker and lecturer at the University.

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