There are a number of broad estimates on the scale of money laundering in the UK, some of them referring to hundreds of billions of pounds per annum. Due to the hidden nature of money laundering, it is very hard to produce a robust measurement. Yet an agreed estimate of the scale of money laundering can advance our understanding of the threat and facilitate the assessment of how effective anti-money laundering measures are.
In recognition of the need to enhance the evidence base on economic crime, HM Treasury and the Home Office are looking into ways to improve the assessment of the scale of money laundering in the UK. In order to support those efforts, the objective of this workshop is to advance understanding of and develop methodologies that HM Government can use to measure the scale of money laundering.
In particular, the workshop will address the following issues:
- How should money laundering in the UK be defined for the purposes of measuring its scale?
- What are the potential methodologies and their advantages and disadvantages?
- What are the potential data sources?
- What lessons should be learned from existing attempts to measure the scale of money laundering or other types of crime?
This workshop is organised by the Strategic Hub for Organised Crime Research (SHOC) at RUSI and funded by the Economic and Social Research Council (ESRC). The workshop will bring together participants across government, academia and the private sector.
Please note that this event is by invitation only. To register your interest in attending the workshop, please email firstname.lastname@example.org, stating your full name, role and organisation.
Image courtesy of HMRC (CC 2.0).