Se ha denunciado esta presentación.
Utilizamos tu perfil de LinkedIn y tus datos de actividad para personalizar los anuncios y mostrarte publicidad más relevante. Puedes cambiar tus preferencias de publicidad en cualquier momento.
OVERVIEW OF METHODOLOGIES
USED IN MEASURING ILLICIT
FINANCIAL FLOWS
Reform of the Public Sector
Public Governance and Terr...
• The World Bank Residual (WBR) Model (1985)
– Broader indicator of capital flight
– Involves comparing a country’s source...
• IPPS (International Price Profiling System-) based Trade Mispricing
Model
– Based on individual export and import transa...
• Over 140 crypto-currency regimes in place (Litecoin, Peercoin, Namecoin,..)
• Bitcoin, introduced in 2009, the most reno...
• Transactions remain pseudo-anonymous
• Rapid transmission
• Limited and controlled money supply
• Lower transaction fees...
POTENTIAL FOR GROWTH AND
ASSESSMENT OF THREATS
• Unregulated status well suited for purchasing and selling illegal goods and
for money laundering purposes.
• May 2013 – ...
Please feel free to share (e-mail us) your comments,
queries, but foremost your recommendations and
suggestions by contact...
Próxima SlideShare
Cargando en…5
×

OECD, 2nd Task Force Meeting on Charting Illicit Trade - Jack Radisch & Matej Sodin

700 visualizaciones

Publicado el

This presentation by Jack Radisch & Matej Sodin was made at the 2nd Task Force Meeting on Charting Illicit Trade held on 5-7 March 2014. www.oecd.org/gov/risk/charting-illicit-trade-second-task-force-meeting.htm

Publicado en: Noticias y política
  • Inicia sesión para ver los comentarios

  • Sé el primero en recomendar esto

OECD, 2nd Task Force Meeting on Charting Illicit Trade - Jack Radisch & Matej Sodin

  1. 1. OVERVIEW OF METHODOLOGIES USED IN MEASURING ILLICIT FINANCIAL FLOWS Reform of the Public Sector Public Governance and Territorial Development Jack Radisch Matej Sodin
  2. 2. • The World Bank Residual (WBR) Model (1985) – Broader indicator of capital flight – Involves comparing a country’s source vs. use of funds – Drawback: data limitations pertaining to external debt & net FDI • The (Hot Money) Narrow Model – Based on the Net Errors and Omissions (NEO) in the Balance of Payments (BOPs) – IFFs are usually understated in comparison to WBR (latter includes licit capital) • Department of Trade Statistics (DOTS-) based Trade Mispricing Model – IFFs via trade mispricing – Under-invoicing of exports & the over-invoicing of imports main channel of IFFs 5 MAIN APPROACHES (MODELS)
  3. 3. • IPPS (International Price Profiling System-) based Trade Mispricing Model – Based on individual export and import transactions of the U.S. with the rest of the world • The Dooley Method – Encompasses the dynamics of IFFs – No longer relevant (since 2007) as the 5th edition of the Balance of Payments Manual (BPM) no longer required capital flows to be classified by maturity Potential for further assessment in a tailored/modified version of the Walker Gravity Model if conducted on an aggregate level? 5 MAIN APPROACHES (MODELS)
  4. 4. • Over 140 crypto-currency regimes in place (Litecoin, Peercoin, Namecoin,..) • Bitcoin, introduced in 2009, the most renowned of these. • Security lies in the hands of the public – mining (keeping up hash rate difficulty)< • General observation – cap rate on volume of cyber-currencies issued. • The latter means escaping hyper-inflation, however may induce hyper- deflation when emitted volumes come close to cap rate. CRYPTO-CURRENCIES
  5. 5. • Transactions remain pseudo-anonymous • Rapid transmission • Limited and controlled money supply • Lower transaction fees • Decentralised forms of payment PERCEIVED BENEFITS & DOWNSIDES • Highly volatile (speculative) currency • Only some may be exchanged for real fiat currency • Regulatory institutions weary of the use • Some currencies liable to receive infringement letters
  6. 6. POTENTIAL FOR GROWTH AND ASSESSMENT OF THREATS
  7. 7. • Unregulated status well suited for purchasing and selling illegal goods and for money laundering purposes. • May 2013 – closure of Costa Rican based crypto-currency firm Liberty Reserve • 7th February Mt Gox crash (over 700,000 Bitcoins stolen) • 4th March 2014 – 900 Bitcoins were stolen from Bitcoin bank Flexcoin • HOW CRYPTO-CURRENCIES FACILITATE MONEY LAUNDERING
  8. 8. Please feel free to share (e-mail us) your comments, queries, but foremost your recommendations and suggestions by contacting: jack.radisch@oecd.org and/or matej.sodin@oecd.org Thank you for your attention! Comments, questions, suggestions…

×