Money Laundering in the Asia Pacific Working Paper #4 - Money Laundering and Corruption in Asia Pacific

While this study suggests that the Asia Pacific is less prone to the problem of corruption than many regions of the world, the data reviewed also indicate a broad range of experience across the region. Some jurisdictions fare extremely well in independent assessments of corruption, others exhibit middling experiences, while a limited number have major problems in this area. The existence of significant criminal activity in the region, largely in the shape of the drug trade and other forms of trafficking, and the emergence of new offshore financial services centres to complement those already in existence, render the region vulnerable to money laundering activity in any event. With the overlay of significant nodes of corrupt activity, it becomes evident that moves towards greater financial transparency and public accountability are as necessary in the Asia Pacific as in any other region of the world.

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