Assessing the volume of money laundering in Iran’s economy using the capital flight approach
Money laundering refers to the concealment of the illegal origin of proceeds obtained from criminal activities, making it appear as if they stem from legal sources. This phenomenon has numerous negative impacts on various economic and social spheres; thus, the countries` authorities - alongside inte...
Saved in:
| Main Authors: | , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
University of Sistan and Baluchestan
2024-12-01
|
| Series: | International Journal of Business and Development Studies |
| Subjects: | |
| Online Access: | https://ijbds.usb.ac.ir/article_8734_1d84d051362f9d67a310bc1f4840a462.pdf |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1841527894217588736 |
|---|---|
| author | Mahsa Saeedi Goraghani Kazem Yavari |
| author_facet | Mahsa Saeedi Goraghani Kazem Yavari |
| author_sort | Mahsa Saeedi Goraghani |
| collection | DOAJ |
| description | Money laundering refers to the concealment of the illegal origin of proceeds obtained from criminal activities, making it appear as if they stem from legal sources. This phenomenon has numerous negative impacts on various economic and social spheres; thus, the countries` authorities - alongside international bodies - have sought to combat it by enacting the necessary laws and regulations and enforcing them. This collaboration occurs to prevent the establishment of a free zone for money laundering and ensures that the efficiency of enforcing these regulations is not disrupted. Iran, due to being in the financial Action Task Force (FATF) blacklist, is considered a free zone from this perspective. This makes the research on evaluating money laundering methods applicable to this country and also makes selecting suitable methods significant and appealing. Therefore, this study utilized the findings of the study by Hendriyetty and Grewal (2017) and, considering the information limitations in Iran, employed a combination method using capital flight approach as an index for measuring money laundering. The results of the research indicate that over a 28-year period, from 1995 to 2022, approximately 553 billion dollars have been laundered in Iran, averaging about 20 billion dollars annually. The highest amount of money laundering in Iran occurred in 2011, during which nearly 55 billion dollars was laundered in the country. Additionally, the observations show the lowest amount of money laundering at around 4.8 billion dollars in 2001. |
| format | Article |
| id | doaj-art-4e0b9affe91a4abe8ca040cd25a2d8dd |
| institution | Kabale University |
| issn | 2538-3302 2538-3310 |
| language | English |
| publishDate | 2024-12-01 |
| publisher | University of Sistan and Baluchestan |
| record_format | Article |
| series | International Journal of Business and Development Studies |
| spelling | doaj-art-4e0b9affe91a4abe8ca040cd25a2d8dd2025-01-15T06:03:05ZengUniversity of Sistan and BaluchestanInternational Journal of Business and Development Studies2538-33022538-33102024-12-0116220321910.22111/ijbds.2024.50417.21748734Assessing the volume of money laundering in Iran’s economy using the capital flight approachMahsa Saeedi Goraghani0Kazem Yavari1PhD Student at the Department of Economics, Yazd University. Email: mahsa.saeedi@stu.yazd.ac.ir.Professor of Economics, Department of Economics, Yazd University. Email: kyavari@yazd.ac.ir.Money laundering refers to the concealment of the illegal origin of proceeds obtained from criminal activities, making it appear as if they stem from legal sources. This phenomenon has numerous negative impacts on various economic and social spheres; thus, the countries` authorities - alongside international bodies - have sought to combat it by enacting the necessary laws and regulations and enforcing them. This collaboration occurs to prevent the establishment of a free zone for money laundering and ensures that the efficiency of enforcing these regulations is not disrupted. Iran, due to being in the financial Action Task Force (FATF) blacklist, is considered a free zone from this perspective. This makes the research on evaluating money laundering methods applicable to this country and also makes selecting suitable methods significant and appealing. Therefore, this study utilized the findings of the study by Hendriyetty and Grewal (2017) and, considering the information limitations in Iran, employed a combination method using capital flight approach as an index for measuring money laundering. The results of the research indicate that over a 28-year period, from 1995 to 2022, approximately 553 billion dollars have been laundered in Iran, averaging about 20 billion dollars annually. The highest amount of money laundering in Iran occurred in 2011, during which nearly 55 billion dollars was laundered in the country. Additionally, the observations show the lowest amount of money laundering at around 4.8 billion dollars in 2001.https://ijbds.usb.ac.ir/article_8734_1d84d051362f9d67a310bc1f4840a462.pdfmoney launderingcapital flight approachcombination method |
| spellingShingle | Mahsa Saeedi Goraghani Kazem Yavari Assessing the volume of money laundering in Iran’s economy using the capital flight approach International Journal of Business and Development Studies money laundering capital flight approach combination method |
| title | Assessing the volume of money laundering in Iran’s economy using the capital flight approach |
| title_full | Assessing the volume of money laundering in Iran’s economy using the capital flight approach |
| title_fullStr | Assessing the volume of money laundering in Iran’s economy using the capital flight approach |
| title_full_unstemmed | Assessing the volume of money laundering in Iran’s economy using the capital flight approach |
| title_short | Assessing the volume of money laundering in Iran’s economy using the capital flight approach |
| title_sort | assessing the volume of money laundering in iran s economy using the capital flight approach |
| topic | money laundering capital flight approach combination method |
| url | https://ijbds.usb.ac.ir/article_8734_1d84d051362f9d67a310bc1f4840a462.pdf |
| work_keys_str_mv | AT mahsasaeedigoraghani assessingthevolumeofmoneylaunderinginiranseconomyusingthecapitalflightapproach AT kazemyavari assessingthevolumeofmoneylaunderinginiranseconomyusingthecapitalflightapproach |