Very recommendable! This is huge! The CNN article is rather vague about the origin of the figure.
Either Interpol is exaggerating quite a bit or transnational organised crime has indeed become a global threat and an extremely lucrative "business" as the Interpol General Secretary Jürgen Stock pointed out.
More awareness about the issue in the general public and businesses and how to prevent this sort of crime around the world would not hurt either!
I also tried Google/Bing search on latest news about Interpol and General Secretary Jürgen Stock (he is actually from my home state Hesse, Germany) and only Bing found other related stories. Surprisingly, Google Search turned up mostly outdated and irrelevant stuff (see screen print below)!
"... Interpol secretary-general Jurgen Stock told a briefing at the global police coordination body's Singapore office. ..."
"Organised crime is at risk of spreading at an epidemic level, with various groups forging alliances across jurisdictions and hiding behind the anonymity offered by the Dark Web and cryptocurrencies.
In an interview with The Straits Times on March 27, Mr Jurgen Stock, secretary-general of Interpol, said the international police organisation has been warning law enforcement agencies of the threat posed by transnational criminal groups.
He said that in recent months, Ecuador and Haiti have come under threat from organised crime. Ecuador, which is being overrun by gangs, saw 7,872 murders in 2023 – the most in the South American country’s history – while the Haitian capital is now being run by criminal groups. ...
“Driven by online anonymity, inspired by new business models and accelerated by Covid, these organised crime groups are now working at a scale that was unimaginable a decade ago.” ...
Interpol, which is headquartered in Lyon, France, is in the midst of completing a report on the threat posed by transnational organised crime groups. The report will list 10 syndicates of greatest concern to the 196-member agency. ...
Mr Stock said transnational organised crime has become a key global security threat.
Citing human trafficking as an example, he said what began as a regional crime threat in South-east Asia has now grown into a global crisis with millions of victims. ...
Mr Stock said organised crime is becoming increasingly global in nature, with groups acting across continents and diversifying their criminal activity. The crime groups have significant resources as well. ...
A maximum of 2 per cent to 3 per cent of these criminal assets are currently being traced and confiscated by law enforcement agencies, he added. "
But the Interpol head noted that criminal gangs that started their operations from drug trafficking will continue to remain in the drug market, estimating that it will still contribute 40 per cent to 70 per cent of the gangs’ income.
He said around US$2 trillion (S$2.7 trillion) to US$3 trillion worth of illicit proceeds of crime are channelled through the global financial system each year.
“This gives an idea about the dimension of what organised crime groups are able to gain with their criminal activity,” ...
"Human trafficking-fueled fraud is exploding in Southeast Asia with organized crime rings raking in close to $3 trillion in illicit revenue annually, the head of Interpol has said in comments that reveal the huge profits being earned by cartels.
One international organized crime group makes $50 billion a year, according to Interpol secretary-general Jurgen Stock, adding that $2 trillion to $3 trillion of illicit money flows through the global financial system annually. To compare, France’s economy is worth $3.1 trillion according to the International Monetary Fund.
While drug trafficking contributes around 40% to 70% of organized crime income, criminal groups are also using those smuggling networks to illegally move humans, arms and stolen products among other things, Stock said.
“Driven by online anonymity, inspired by new business models and accelerated by Covid, these organized crime groups are now working at a scale that was unimaginable a decade ago,” Stock told a briefing at the global police coordination body’s Singapore office on Wednesday.
“Today, a bank – or indeed anyone – is less likely to be robbed at gunpoint than via a keyboard by someone on the other side of the world.
“What began as a regional crime threat in Southeast Asia has become a global human trafficking crisis, with millions of victims, both in the cyber scam centers and as targets.”
Interpol says its operations in Asia have led to nearly 3,500 arrests and the seizure of $300 million in illegally earned assets across 34 countries since 2021. ...
Interpol says its operations in Asia have led to nearly 3,500 arrests and the seizure of $300 million in illegally earned assets across 34 countries since 2021."
Human trafficking-fueled fraud is exploding in Southeast Asia with organized crime rings raking in close to $3 trillion in illicit revenue annually, the head of Interpol has said in comments that reveal the huge profits being earned by cartels.
One international organized crime group makes $50 billion a year, according to Interpol secretary-general Jurgen Stock, adding that $2 trillion to $3 trillion of illicit money flows through the global financial system annually. To compare, France’s economy is worth $3.1 trillion according to the International Monetary Fund.
While drug trafficking contributes around 40% to 70% of organized crime income, criminal groups are also using those smuggling networks to illegally move humans, arms and stolen products among other things, Stock said.
“Driven by online anonymity, inspired by new business models and accelerated by Covid, these organized crime groups are now working at a scale that was unimaginable a decade ago,” Stock told a briefing at the global police coordination body’s Singapore office on Wednesday.
“Today, a bank – or indeed anyone – is less likely to be robbed at gunpoint than via a keyboard by someone on the other side of the world.
“What began as a regional crime threat in Southeast Asia has become a global human trafficking crisis, with millions of victims, both in the cyber scam centers and as targets.”
Interpol chief warns organised crime groups at risk of spreading globally like epidemic (Singapore Strait Times. It appears this was perhaps the primary source of the news)
Interpol and General Secretary Jürgen Stock
Top results produced by Google Search. What a failure!
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