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7 Ιουν 2024 · Learn how many zeros are in a million, billion, trillion, and other numbers, including the very largest ones, even googol.
23 Ιουλ 2024 · Over 1,400 money laundering cases are reported in the US annually, with an estimated $200 billion laundered per year. Money laundering results in an estimated $1.6 trillion in illicit financial flows annually. Globally, the estimated value of laundered funds through real estate is around $1.6 trillion annually.
This calculator finds the number of zeros in big numbers like billions, trillions, etc.
How many zeros does 1.6 trillion have? When we count zeros in 1.6 trillion above, we see that there are 11 zeros. If you want to write 1.6 trillion in words, then it will be written as `one trillion six hundred billion`
The scale of money laundering is difficult to assess, but it is considered to be significant. The United Nations Office on Drugs and Crime (UNODC) estimates that between 2 and 5% of global GDP is laundered each year. That’s between EUR 715 billion and 1.87 trillion each year.
That’s why when the United Nations Office on Drugs and Crime releases a report saying $1.6 trillion are laundered around the world each year our eyes glaze over and we fail to appreciate just how substantial that amount of money is.
Using 1998 statistics, these percentages would indicate that money laundering ranged between USD 590 billion and USD 1.5 trillion. At the time, the lower figure was roughly equivalent to the value of the total output of an economy the size of Spain.
