After providing a short literature review and some empirical evidence about the turnover of organized crime, the paper tries a quantification of the turnover of organized crime with the help of a MIMIC estimation procedure for the years 1995 to 2006 for 20 highly developed OECD countries. The...

Organized crime has a long history and has permanently adapted to the weaknesses of the legal system, procedures and operational capabilities of the national Law Enforcement Agencies. Economic discomfort appears to be the main reason for illegal migration movement throughout the world. Due to...

Organized crime (Note 1) has a global character and is one of the most serious threats in the modern societies for decades. This phenomenon because of the characteristics that govern modern societies and economies, namely globalization, transnational flows, reduction of distances due to the...

The combating of organized crime phenomenon, occupies modern societies with similar intensity that is occurred in response to phenomena such as terrorism, corruption and drug trafficking. This phenomenon today because of economy globalization and the growth of transnational flows in economic and...

I examine the post-war economic development of two regions in southern Italy exposed to maa activity after the 1970s and apply synthetic control methods to estimate their counterfactual economic performance in the absence of organized crime. The synthetic control is a weighted average of other...

Business support policies are widespread in advanced countries, to foster employment and productivity. This paper analyses the role of organized crime in the allocation of public subsidies to businesses. We assemble an innovative data set on the Italian mafia at municipality level and test...

The insurance sector is underdeveloped and has been inadequately supervised to date, as the regulator lacks the requisite independence, skills, and resources. The three public pension systems, which cover less than 10 percent of the active population, appear to be fiscally unsustainable. The...

This Detailed Assessment Report reviews antimoney laundering and combating the financing of terrorism (AML/CFT) measures for Germany. The report reveals that Germany has introduced a number of measures in recent years to strengthen its AML/CFT regime. Germany has generated a relatively large...

This paper discusses key findings of the Detailed Assessment on Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) for Bahrain. The assessment was based on the 2003 Financial Action Task Force (FATF) 40 Recommendations. The assessment identifies recommendations on how...

Singapore’s compliance with the Observance of Standards and Codes on Financial Action Task Force (FATF) recommendations for Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) is reviewed. Singapore’s AML/CFT efforts are centered on having a sound and...