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Message Subject THE ECONOMY & YOU # (Daily Updated Videos & Articles)
Poster Handle RoXY
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Turnover of Global Organized Crime: $870 Billion a Year
July 20, 2012

The annual turnover of transnational organized criminal activities such as drug trafficking, counterfeiting, illegal arms trade and the smuggling of immigrants is estimated at around $870 billion, the UN Office for Drugs and Crime (UNODC) said.

Screenshot from UNODC’s global awareness-raising campaign emphasizing the size and cost of transnational organized crime.

“Transnational organized crime reaches into every region, and every country across the world. Stopping this transnational threat represents one of the international community’s greatest global challenges,” said UNODC’s Executive Director, Yury Fedotov, in a news release.

“Crucial to our success is our ability to raise public awareness and generate understanding among key decision and policymakers.”The $870 billion turnover from transnational organized crime is six times the amount of official development assistance, and is comparable to 1.5 per cent of the global domestic product, or seven per cent of the world’s exports of merchandise, according to UNODC.

Drug trafficking is the most lucrative form of business for criminals, with an estimated value of $320 billion a year. Human trafficking brings in about $32 billion annually, while some estimates place the global value of smuggling of migrants at $7 billion per year, according to a UN news release on 16 June.

CONTINUE: [link to globalresearch.ca]

NB: The writer of this article did not include the illegal (criminal) turnover of the banksters...
 
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