Tiwari, Milind

English

Purpose: This paper estimates the order in which other countries are an attractive destination for money laundering to India and determines the proportion that will be laundered to those countries. Methodology: The paper involves the use of Walker’s Gravity Model, initially proposed by Walker (1999) and then updated by Unger (2006) to determine the countries attractive for money laundering to India. The paper uses information on GDP per capita, banking secrecy, government attitude, swift information, financial deposits, conflict, corruption, and Egmont group member for 150 countries from 2002 to 2014 to come up with how attractive a country is for money laundering. Then, using distance information of countries from India, the proportion of funds that would be laundered to the countries attractive to India for money laundering is computed.Findings: The analysis finds that countries preferred for laundering money from India are countries characterized by a strong economy and sound financial standing.Research Implications: The paper directs attention towards focusing on the need to curb money laundering in the Indian context and determine the possible destinations where money generated in the economy might be flowing.Practical Implications: This paper takes steps in the fight against money laundering by directing attention towards the destination attractive for money laundering to India. Originality: No studies in the past have considered money laundering flows from India.Keywords: Attractiveness; Money Laundering; Walker Gravity Model<br/

Bond University Research Portal

Bond UniversityResearch RepositoryMoney Laundering: Ranking the countries attractive for money laundering to IndiaTiwari, MilindPublished: 01/10/2020Document Version:Peer reviewed versionLicence:CC BY-NC-NDLink to publication in Bond University research repository.Recommended citation(APA):Tiwari, M. (2020). Money Laundering: Ranking the countries attractive for money laundering to India. 73.Abstract from Online International Conference on 'Emerging Opportunities and Challenges in Indian Economy,Mumbai, India. https://www.rizvicollege.edu.in/pdf/ABSTRACTS.pdfGeneral rightsCopyright and moral rights for the publications made accessible in the public portal are retained by the authors and/or other copyright ownersand it is a condition of accessing publications that users recognise and abide by the legal requirements associated with these rights.For more information, or if you believe that this document breaches copyright, please contact the Bond University research repositorycoordinator.Download date: 25 Jan 2021 Money Laundering: Ranking the countries attractive for money laundering to India Milind Tiwari1 mtiwari@bond.edu.au     1 Bond University, Robina, Queensland, Australia, 4226   ABSTRACT Purpose: This paper estimates the order in which other countries are an attractive destination for money laundering to India and determines the proportion that will be laundered to those countries.  Methodology: The paper involves the use of Walker’s Gravity Model, initially proposed by Walker (1999) and then updated by Unger (2006) to determine the countries attractive for money laundering to India. The paper uses information on  GDP per capita, banking secrecy, government attitude, swift information, financial deposits, conflict, corruption, and Egmont group member for 150 countries from 2002 to 2014 to come up with how attractive a country is for money laundering. Then, using distance information of countries from India, the proportion of funds that would be laundered to the countries attractive to India for money laundering is computed. Findings: The analysis finds that countries preferred for laundering money from India are countries characterized by a strong economy and sound financial standing. Research Implications: The paper directs attention towards focusing on the need to curb money laundering in the Indian context and determine the possible destinations where money generated in the economy might be flowing. Practical Implications: This paper takes steps in the fight against money laundering by directing attention towards the destination attractive for money laundering to India.  Originality: No studies in the past have considered money laundering flows from India. Keywords: Attractiveness; Money Laundering; Walker Gravity Model 

Money Laundering: Ranking the countries attractive for money laundering to India

https://pure.bond.edu.au/ws/files/47044027/Abstract_Money_Laundering.pdf

Money Laundering: Ranking the countries attractive for money laundering to India

Abstract

Similar works

Full text

Available Versions

Bond University Research Portal