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Pietschmann, Thomas --- "Efforts of the UN to find out about major routes of drugs and drug money" [2013] ELECD 921; in Unger, Brigitte; van der Linde, Daan (eds), "Research Handbook on Money Laundering" (Edward Elgar Publishing, 2013) 194

Book Title: Research Handbook on Money Laundering

Editor(s): Unger, Brigitte; van der Linde, Daan

Publisher: Edward Elgar Publishing

ISBN (hard cover): 9780857933997

Section: Chapter 16

Section Title: Efforts of the UN to find out about major routes of drugs and drug money

Author(s): Pietschmann, Thomas

Number of pages: 13

Abstract/Description:

One of the key challenges for an international institution dealing with a problem is to identify its scale and to monitor the underlying trends. This should help policy makers at the national, regional and global level to identify successes and failures in their efforts to deal with the problem. The non-availability of such monitoring mechanisms is like major corporations trying to do business without any financial and cost accounting systems in place. Most people nowadays would find it difficult to imagine that large corporations could develop and follow strategies without basing their policies – inter alia – on functioning accounting systems; yet this has been the situation for decades for the authorities in most countries and for the international community at large when it came to drug control and efforts to fight money laundering. Attempts to remedy this situation at the level of the United Nations are rather new, dating back just some fifteen years when it comes to baseline drug data or some fifteen months when it comes to estimates regarding the amounts available for laundering.