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Extra info for Forum on Crime And Society: Special Issues on Terrorism-december 2004 (International Review of Criminal Policy)

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They also tend to interact with each other in the manner of a State. At least in the domain *Loretta Napoleoni is an economist with a doctorate in economics from the University of Rome and master's degrees in international relations, from Johns Hopkins School of Advanced International Studies, and in government, with a dissertation on terrorism, from the London School of Economics. Napoleoni has published several articles and edited and translated books on terrorism. She is the author of Modem Jihad: Tracing the Dollars Behind the Tewor Network, published by Pluto Press in September 2003.

4, Nos. 1 and 2, December 2004 Even today, there is still uncertainty in the insurance industry over the issue of terrorism insurance. Estimates of the claims paid by insurers as a result of the attacks on the World Trade Center are about $50 billion, of which reinsurers are ultimately expected to pay approximately two thirds. Another such terrorist event of a similar magnitude could have even more severe economic consequences, such as more bankruptcies, layoffs and loan defaults [g]. 7 billion, 45 per cent more than it had initially estimated.

For drugs dealers, this is a cost easily absorbed. The price of drugs has in fact been falling in the United States at the same time that the cost of laundering has been rising. This clearly reflects the ready supply of drugs and the lower costs of smuggling, enabling the laundering tab to be paid easily" [25]. Laundering is not only getting riskier and therefore more expensive, it also requires more sophisticated techniques. According to Baker, every $100 billion processed by the laundering machine corresponds to $400 billion to $500 billion of "dirty money" [25].

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Forum on Crime And Society: Special Issues on Terrorism-december 2004 (International Review of Criminal Policy) by Alex P. Schmid


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