BR100 Increased By (0.2%)
BR30 Increased By (0.41%)
KSE100 Increased By (0.07%)
KSE30 Increased By (0.23%)
AGHA 7.75 Decreased By ▼ -0.17 (-2.15%)
BECO 5.19 Decreased By ▼ -0.01 (-0.19%)
BML 58.66 Decreased By ▼ -0.59 (-1%)
BOP 33.69 Increased By ▲ 0.01 (0.03%)
CNERGY 10.61 Increased By ▲ 0.80 (8.15%)
CSIL 5.30 Decreased By ▼ -0.12 (-2.21%)
FCCL 53.74 Increased By ▲ 0.22 (0.41%)
FFL 16.46 Decreased By ▼ -0.22 (-1.32%)
FNEL 1.22 Increased By ▲ 0.01 (0.83%)
KEL 7.28 Decreased By ▼ -0.07 (-0.95%)
KOSM 5.64 Increased By ▲ 0.03 (0.53%)
LOTCHEM 29.65 Increased By ▲ 0.54 (1.86%)
MLCF 96.36 Increased By ▲ 0.86 (0.9%)
NBP 203.53 Decreased By ▼ -0.82 (-0.4%)
NCPL 56.85 Decreased By ▼ -1.39 (-2.39%)
NPL 67.31 Decreased By ▼ -0.48 (-0.71%)
OGDC 318.22 Increased By ▲ 0.28 (0.09%)
PACE 10.63 Decreased By ▼ -0.08 (-0.75%)
PAEL 41.77 Decreased By ▼ -0.06 (-0.14%)
PIBTL 16.81 Increased By ▲ 0.31 (1.88%)
PPL 220.17 Increased By ▲ 0.43 (0.2%)
PRL 49.05 Increased By ▲ 4.46 (10%)
PTC 70.01 Decreased By ▼ -0.76 (-1.07%)
SSGC 29.14 Increased By ▲ 0.21 (0.73%)
TBL 9.77 Decreased By ▼ -0.07 (-0.71%)
TELE 8.82 Increased By ▲ 0.06 (0.68%)
TPL 17.17 Increased By ▲ 0.72 (4.38%)
TPLP 12.51 Increased By ▲ 0.41 (3.39%)
TREET 22.59 Decreased By ▼ -0.21 (-0.92%)
TRG 60.22 Increased By ▲ 0.19 (0.32%)
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.