Pressmediaofindia
Related Articles
29-03-2024
SINGAPORE: Organized crime rings who fueled 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 organized 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 organized crime groups diversify their revenue from drug trafficking, Stock said.
Drug trafficking businesses still contributed 40% to 70% of criminal groups’ income, he said 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 organized 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.
An investigation by a media outlet last year detailed the emergence in Thailand of one branch of such alleged cyber-crime and it’s 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).
At a Thai police headquarters in October 2022, Chinese businessman Wang Yicheng congratulated one of Bangkok’s most senior cybercrime investigators on his recent promotion, presenting the official with a large bouquet of flowers wrapped in red paper and a bow.
Wang, the vice president of a local Chinese trade group, wished the new cybercrime investigator “smooth work and new achievements,” according to the group’s website, which displays photographs of the event.
Over the past two years, Wang has forged relationships with members of Thailand’s law-enforcement and political elite, the trade group’s online posts show. During that time, a cryptocurrency account registered in Wang’s name was receiving millions of dollars linked to a type of cryptocurrency investment scam known as pig butchering, a media investigation has found. (Int’l Monitoring Desk)
