Get all your news in one place.
100's of premium titles.
One app.
Start reading
Top News
Top News

Human Trafficking-Fueled Fraud On The Rise In Southeast Asia

Blackstone to expand private equity headcount in Singapore in Southeast Asia push

Interpol has revealed alarming statistics regarding the surge of human trafficking-fueled fraud in Southeast Asia, with organized crime rings generating nearly $3 trillion in illicit revenue annually. The head of Interpol, Jurgen Stock, disclosed that one international organized crime group alone makes $50 billion a year, contributing to the estimated $2 trillion to $3 trillion of illicit money flowing through the global financial system each year.

While drug trafficking remains a significant source of income for organized crime, criminal groups are increasingly exploiting smuggling networks to traffic humans, arms, and stolen goods. Stock emphasized that these criminal enterprises are leveraging online anonymity, innovative business models, and the impact of the Covid pandemic to operate on a scale previously unimaginable.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.