Business Sentiment Survey

  • Most Popular
  • Most Shared

REUTERS SHOWCASE

Asian Stocks Outlook

Asian Stocks Outlook

Asian stocks to lead the way to year's end, Fed seen pulling back - Reuters Poll.  Full Article 

Sensex @ 21,000?

Sensex @ 21,000?

Sensex to touch 21,000 by year end: Reuters poll.  Full Article 

Trade Reforms

Trade Reforms

U.S. groups form alliance to push for Indian trade reforms.  Full Article 

Options Before Fed

Options Before Fed

Fed seen keeping options open on pace of bond buying.  Full Article 

Financing Trouble

Financing Trouble

U.S. court lets stand Ex-Im Bank loan for Air India.  Full Article 

Advertising Milestone

Advertising Milestone

Exclusive - Facebook reaches 1 million active advertisers.  Full Article 

Reviving Infra

Reviving Infra

Road building revival offers rare hope for India infrastructure overhaul.  Full Article 

Buy, Sell or Hold?

Buy, Sell or Hold?

Confused while buying stocks? Get buy, sell or hold recommendations from VantageTrade.  Full Coverage 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage 

Crime one of the world's "top 20 economies": U.N.

Related Topics

1 of 2. A robbery scene on a motorcycle is re-enacted during an exhibition at the Special Weapons And Tactics (SWAT) course graduation, in the Mariscal Zavala military base in Guatemala City April 21, 2012.

Credit: Reuters/Jorge Dan Lopez

VIENNA | Mon Apr 23, 2012 10:28pm IST

VIENNA (Reuters) - Crime generates an estimated $2.1 trillion in global annual proceeds - or 3.6 percent of the world's gross domestic product - and the problem may be growing, a senior United Nations official said on Monday.

"It makes the criminal business one of the largest economies in the world, one of the top 20 economies," said Yury Fedotov, head of the U.N. Office on Drugs and Crime (UNODC), describing it as a threat to security and economic development.

The figure was calculated recently for the first time by the UNODC and World Bank, based on data for 2009, and no comparisons are yet available, Fedotov told a news conference.

Speaking on the opening day of a week-long meeting of the international Commission on Crime Prevention and Criminal Justice (CCPCJ), he suggested the situation may be worsening "but to corroborate this feeling I need more data".

He said up to $40 billion is lost through corruption in developing countries annually and illicit income from human trafficking amounts to $32 billion every year.

"According to some estimates, at any one time, 2.4 million people suffer the misery of human trafficking, a shameful crime of modern day slavery," Fedotov said separately in a speech.

He also cited a range of other crimes yielding big money.

Organised crime, illicit trafficking, violence and corruption are "major impediments" to the Millennium Development Goals, a group of targets set by the international community in 2000 to seek to improve health and reduce poverty among the world's poorest people by 2015, Fedotov said.

Criminal groups have shown "impressive adaptability" to law enforcement actions and to new profit opportunities, a senior U.S. official told the meeting in Vienna.

"Today, most criminal organizations bear no resemblance to the hierarchical organized crime family groups of the past," Principal Deputy Assistant Secretary Brian Nichols said, according to a copy of his speech.

"Instead, they consist of loose and informal networks that often converge when it is convenient and engage in a diverse array of criminal activities," Nichols, of the U.S. Bureau of International Narcotics and Law Enforcement Affairs, added.

He said terrorist groups in some cases were turning to crime to help fund their operations: "There are even instances where terrorists are evolving into criminal entrepreneurs in their own right."

(Reporting by Fredrik Dahl; Editing by Mark Heinrich)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.