The criminal money and money laundering has been researched since 19th century. It has stayed at constant 2-5% of world GDP. However the cost of compliance has gone up exponentially.
Today banks use $250B/year on KYC checks. You could fix the world hunger and still have $50B leftover money with this amount.
Today banks use $250B/year on KYC checks. You could fix the world hunger and still have $50B leftover money with this amount.