United Nations: Organized Crime Worth US$870 Billion Annually

22:55, July 17, 2012

The UN Office on Drugs and Crime (UNODC) has launched a new global campaign to raise awareness that transnational organized crime carries an annual cost of US$870 billion.

With the campaign slogan "Transnational Organized Crime: Let's put them out of business," UNODC wants people to realize that transnational organized crime has financial and social costs.

According to UNODC, drug trafficking is the most profitable form of organized crime, with an annual profit of US$320 billion. Counterfeiting comes in second, with an annual profit of US$250 billion, and the value of human trafficking is about US$32 billion per year. The estimated annual profit of migrant smuggling is close to US$7 billion.  Read more... (206 words)

Armenian News