BR100 Increased By (0.01%)
BR30 Increased By (0.53%)
KSE100 Increased By (0.28%)
KSE30 Increased By (0.29%)
AGHA 6.38 Increased By ▲ 0.06 (0.95%)
BECO 4.35 Increased By ▲ 0.08 (1.87%)
BML 62.55 Increased By ▲ 0.10 (0.16%)
BOP 31.39 Increased By ▲ 0.16 (0.51%)
CNERGY 11.73 Increased By ▲ 0.14 (1.21%)
CSIL 5.91 Increased By ▲ 0.19 (3.32%)
FCCL 61.71 Increased By ▲ 0.17 (0.28%)
FFL 14.79 Decreased By ▼ -0.23 (-1.53%)
FNEL 1.24 Increased By ▲ 0.01 (0.81%)
KEL 6.32 Increased By ▲ 0.06 (0.96%)
KOSM 5.90 Increased By ▲ 0.34 (6.12%)
LOTCHEM 24.69 Increased By ▲ 0.01 (0.04%)
MLCF 103.93 Decreased By ▼ -0.15 (-0.14%)
NBP 173.32 Decreased By ▼ -1.96 (-1.12%)
NCPL 51.83 Decreased By ▼ -0.94 (-1.78%)
NPL 54.03 Decreased By ▼ -0.09 (-0.17%)
OGDC 315.87 Increased By ▲ 2.48 (0.79%)
PACE 9.26 Increased By ▲ 0.06 (0.65%)
PAEL 35.58 Decreased By ▼ -0.22 (-0.61%)
PIBTL 13.66 Increased By ▲ 0.19 (1.41%)
PPL 226.07 Increased By ▲ 4.26 (1.92%)
PRL 80.28 Increased By ▲ 1.20 (1.52%)
PTC 46.64 Decreased By ▼ -0.21 (-0.45%)
SSGC 23.82 Decreased By ▼ -0.05 (-0.21%)
TBL 9.24 Decreased By ▼ -0.07 (-0.75%)
TELE 7.55 Increased By ▲ 0.16 (2.17%)
TPL 24.54 Decreased By ▼ -0.57 (-2.27%)
TPLP 12.99 Increased By ▲ 0.48 (3.84%)
TREET 25.98 Decreased By ▼ -0.27 (-1.03%)
TRG 53.33 Decreased By ▼ -0.11 (-0.21%)
By

SINGAPORE: Organised crime rings who fuelled an “explosion” of human trafficking and cyber scam centres during the pandemic have expanded from Southeast Asia into a global network making up to $3 trillion a year, the head of Interpol said on Wednesday.

“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 secretary-general Jurgen Stock told a briefing at the global police coordination body’s Singapore office.

“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 centres and as targets.”

The new cyber-scam centres, often staffed by unwilling staff trafficked with the promise of legitimate jobs, had helped organised crime groups diversify their revenue from drug trafficking, Stock said.

Drug trafficking businesses still contributed 40% to 70% of criminal groups’ income, he said.

Suspected ‘human trafficking’: France grounds plane carrying 300 Indians

“But we see groups clearly diversifying their criminal businesses using drug trafficking routes also for trafficking of human beings, trafficking of arms, intellectual property, stolen products, car theft,” Stock said.

About $2 trillion to $3 trillion in illicit proceeds are channeled through the global financial system annually, he said, adding that an organised crime group can make $50 billion a year.

The United Nations said last year that more than 100,000 people had been trafficked into online scam centres in Cambodia. In November, Myanmar handed over thousands of fugitive Chinese telecom fraud suspects to China. A Reuters investigation last year detailed the emergence in Thailand of one branch of such alleged cyber-crime and its financing.

Stock praised Singapore for its success in uncovering a money laundering case last year involving seized assets amounting to over S$3 billion ($2.23 billion).

Comments

Comments are closed for this article.