Fig 1.
Blacklisted countries: 2000 and 2001 in the upper chart, 2006 in the lower chart.
Blank map political world territories, shared under CC-BY-SA 4.0 license, altered for illustrative purposes. The blacklisted countries in 2000 and/or 2001 included: Egypt, Nigeria, Cook Islands, Indonesia, Myanmar, Marshalls lands, Nauru, Niue, Philippines, Hungary, Liechtenstein, Russia, Ukraine, Israel, Lebanon, Bahamas, Cayman Islands, Dominica, Grenada, Guatemala, Saint Kitts and Nevis, Panama and Saint Vincent and the Grenadines. Blacklisted in 2006: Myanmar.
Table 1.
SRs in 7 European countries in 2015, in absolute terms and per capita.
Fig 2.
Event tree of reporting money laundering.
ML–money laundering.
Fig 3.
Pay-off function of the agent (country i).
The payoff function v(i) of a country i is strictly negative therefore drawn in the second quadrant of the system of coordinates (payoff, number of reports). Costs increase with the number of reports SR(i) as long as the country is below the blacklisting threshold T. At the threshold, the costs are minimal (the payoff is maximized). Costs increase directly proportional with the number of reports, when the number of reports exceeds the minimum threshold. Since reporting entities only report false reports in this setting, the slope of the curve is equal to cL.
Fig 4.
Unifying reporting standards and its impact on the cost of reporting money laundering relative to noise for reporting entities.