The Determinant of Money Laundering: Evidence from Italian Regions
Following the INTERPOL’s definition, money laundering is: “any act or attempted act to conceal or disguise
the identity of illegally obtained proceeds so that they appear to have originated from legitimate sources”. Illegally
obtained funds are laundered and moved around the world using front companies, intermediaries and other money
transmitters. In this way, the illegal funds remain hidden and are integrated into the legal economy. Such type of crime