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

Young, Mary Alice

Authors



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.

Citation

Young, M. A. (2015). The dark figure of money laundering: Editorial for the Journal of Financial Crime. Journal of Financial Crime, 22(4), 1. https://doi.org/10.1108/JFC-07-2015-0035

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
Publisher URL http://dx.doi.org/10.1108/JFC-07-2015-0035