ILLEGAL DRUGS ARE STILL THE LARGEST SOURCE OF DIRTY MONEY WORLDWIDE
May 1st, 2021
The narcotics trade was a prime motivator to enact global anti-money laundering regulations to curb dirty money flows. Over 30 years later, drug trafficking is still considered the largest transnational crime by international law enforcement agencies. It is worth an estimated USD344 billion-a-year, according to Interpol, followed by counterfeiting crimes (USD288 billion) and human trafficking (USD157 billion). (1) Other sources say that narcotics valuation maybe a major underestimate, valuing the global illicit narcotics trade at USD600 billion and ...
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