After two decades of research on money laundering, it seems time to look at what we know and what progress has been made in research. One simple question is whether we know if money laundering has increased, stayed constant, or decreased over these years. This article shows that over the last two decades, money laundering could hardly have decreased. This is largely because the concept of money laundering has broadened. However, there are also some hints that traditional areas of laundering such as fraud and corruption proceeds have increased rather than being effectively combated. There may be potential for money laundering to decrease in the future.
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