The dark figure of money laundering: Editorial for the Journal of Financial Crime

Young, Mary Alice

Abstract

The dark figure of crime is concerned with the unrecorded crime or the unreported offence that has gone unnoticed by the police and statistics. As a component of the dark figure of crime, the difficulty in generating real life statistics for money laundering activity can be explained by the perception that it is a so-called “victimless” crime. MacDonald (2001) outlines generic reasons that influence the under-reporting of crime, including socio-economic factors, attitudes to the police, incident specific factors, criminality and data discrepancy. In the sphere of money laundering through the formal financial system, reasons for unrecorded activity are less explanatory.

• Journal Article Type: Article
• Publication Date: Aug 1, 2015
• Journal: Journal of Financial Crime
• Print ISSN: 1359-0790
• Publisher: Emerald
• Peer Reviewed: Peer Reviewed
• Volume: 22
• Issue: 4
• Pages: 1
• DOI: https://doi.org/10.1108/JFC-07-2015-0035
• Keywords: money laundering
• Public URL: https://uwe-repository.worktribe.com/output/830752
• Publisher URL: http://dx.doi.org/10.1108/JFC-07-2015-0035