Michel Camdessus, the former director of the International Monetary Fund, estimates that money laundering
accounts for between 2% and 5% of the world's GDP, or nearly 600 billion US dollars. In some emerging market
countries, the revenues from these illegal activities far exceed government budgets, rendering governments unable
to control national economic policies. In some countries, the revenues from these illegal activities far exceed the
government budget, causing governments to lose control over national economic policies.