Anti Money Laundering (AML)

We consider our inter-disciplinary focus on combating of money laundering, which is disguising the illegal origin of money, as clearly related to UN’s sustainable development goals. This is a key concern for the UN Office on Drugs and Crime (UNODC) with its Law Enforcement, Organized Crime, and Anti-Money-Laundering Unit. UN currently estimates the amount of money laundered globally in one year to be 2 – 5% of global GDP, or $800 billion – $2 Trillion in current US dollars. Such illegal origins can be profits from, for instance, organized crime, illegal arms sales, smuggling, embezzlement, insider trading, bribery, and computer fraud schemes. Hence, this is a serious global problem seriously undermining a sustainable development of society.