cocaine and heroin traffickers are earning almost 280 million dollars every day, almost 12 million dollars every hour, and almost 200,000 dollar every minuteOrganized crime generates $120 billion annually: UNOD

Organized crime generates $120 billion annually: UNOD: "Organized crime generates revenues of more than 120 billion dollars globally every year, with drug smuggling by far the most lucrative activity, the United Nations Office on Drugs and Crime said Monday.
'Organized 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 organized crime.
Amid fears that globalisation was 'extending the reach of crime in unprecedented ways,' the convention was a 'powerful but underutilized 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.
UNODC calculated that heroin and cocaine smuggling generated annual revenues of 105 billion dollars worldwide, which was being invested in criminal businesses and fuelling terrorism.
'To put it another way: cocaine and heroin traffickers are earning almost 280 million dollars every day, almost 12 million dollars every hour, and almost 200,000 dollar every minute,' it said."

You Might Also Like :