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EXTENDING THE LAUNDERED FUNDS DESTINATION THEORY: APPLYING THE WALKER-UNGER GRAVITY MODEL TO RUSSIAN-BASED MONEY LAUNDERER COUNTRY PREFERENCE FROM 2000-2020

PI Juan Roman

Determine Russian-based money launderer destination preferrence.

The quantification of illicit finance practices along with the generated revenue from transnational criminal activity and their presence within the global financial system is still a new phenomenon.  Careful examination of the effects of money laundering is needed in order to develop strategies to combat the problem.  The literature suggests attempts to quantify the presence of laundered funds in the global economy are inaccurate.  This research applied the modified Walker-Unger model to show the degree of attractiveness of a country for Russian-based money launderers to send their illicit funds for the 2000-2020 time period.  The theoretical justification for this investigation is that once the scale of unlawful financial flows are known, the likely impact on society can be analyzed.

Research Dates

10/01/2022 to 01/01/2023

Researchers

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    Ana Machuca

    Department
    Department of Business Administration
    Degrees
    Ph.D., Northcentral University
    M.B.A., Webster University
    M., DeVry Institute of Technology-Keller Graduate School of Management
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    Thomas Schaefer

    Department
    Department of Management and Technology
    Degrees
    D.B.A., M.B.A., Argosy University
    B.S., University of South Florida

Categories: Faculty-Staff