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InvisibleveggieM

Registered: 07/25/04
Posts: 17,538
Organised crime rakes $120bn per year
    #13354898 - 10/18/10 10:15 PM (13 years, 6 months ago)

Organised crime rakes $120bn per year
October 18, 2010 - news24.com

Vienna - Organised crime generates revenues of more than $120bn globally every year, with drug smuggling by far the most lucrative activity, the United Nations Office on Drugs and Crime said on Monday.

"Organised crime has ballooned to global proportions," UNODC chief Yury Fedotov told a meeting here marking 10 years since the adoption of the so-called Palermo Convention on transnational organised crime.

Amid fears that globalisation was "extending the reach of crime in unprecedented ways," the convention was a "powerful but under-utilised tool", Fedotov said at the start of the meeting.

Some 157 states had ratified the convention, which forms the global basis for extradition and mutual legal assistance. But Fedotov said more awareness was needed of how states could make more effective use of it, by co-ordinating efforts by law enforcement agencies.

The UNODC calculated that heroin and cocaine smuggling generated annual revenues of $105bn worldwide, which was being invested in criminal businesses and fuelling terrorism.

"To put it another way: cocaine and heroin traffickers are earning almost $280m every day, almost $12m every hour, and almost $200 000 every minute," it said.

Human trafficking and smuggling of migrants accounted for annual revenues of an estimated $10bn; illicit trade in firearms for more than $53m; trafficking in natural resources for $3.5bn; counterfeit medicines for $1.6bn and cyber crime for $1bn, the UNODC estimated.

UN Secretary General Ban Ki-Moon said on Saturday at a conference on good governance in Morocco that "organised crime syndicates (are growing) ever more powerful."

"In some places, police and armies are being out-gunned. Our ability to deliver justice is not evolving as quickly as the criminal's skill at evading it," he said.

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Offlineauronlives69
psychedelic monk
Male User Gallery

Registered: 04/19/09
Posts: 655
Last seen: 4 years, 10 months
Re: Organised crime rakes $120bn per year [Re: veggie]
    #13355391 - 10/19/10 12:41 AM (13 years, 6 months ago)

if anything is ever gonna make drugs legal its got to be the cartel

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InvisibleLe_Canard
The Duk Abides


Registered: 05/16/03
Posts: 94,392
Loc: Earthfarm 1 Flag
Re: Organised crime rakes $120bn per year [Re: veggie]
    #13355521 - 10/19/10 01:32 AM (13 years, 6 months ago)

Is that all? I thought it'd be a couple trillion or so.

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