ABSTRACT. Overall, throughout this paper, I demonstrate the value and importance of the role of social structure in advancing corruption, the causes and consequences of corruption, the social costs of grand corruption, international cooperation in fighting corruption-related money laundering, the climate of international opinion toward corruption, and the current strategies to deal with money laundering and corruption. I hope this paper makes a significant contribution to evaluating the welfare losses of corruption, the adverse effects of corruption, the transaction costs in corrupt agreements, a close association between bad regulation and corruption, the economic and social consequences of corruption, and the rise to prominence of corruption and money laundering. pp. 256–261

Keywords: fraud, corruption, money laundering, social, economic