Skip to main content

$1.6 Trillion money laundered or 2.7% of global GDP in 2009 while only ONE percentile is being seized and frozen.

 "Criminals, especially drug traffickers, may have laundered around $1.6 trillion, or 2.7 per cent of global GDP, in 2009, according to a new report by UNODC. This figure is consistent with the 2 to 5 per cent range previously established by the International Monetary Fund to estimate the scale of money-laundering.

Less than 1 per cent of global illicit financial flows is currently being seized and frozen, according to the report Estimating illicit financial flows resulting from drug trafficking and other transnational organized crime."

SOURCE:

https://www.unodc.org/unodc/en/frontpage/2011/October/illicit-money_-how-much-is-out-there.html

Comments

Popular posts from this blog

Price Tag Attackers: Extremist Settler Violence in the West Bank.

  Year-by-year breakdown of documented " Price Tag" attacks in the West Bank and Israel , based on reports from UN OCHA , B’Tselem , Yesh Din , and Israeli media (Haaretz, Times of Israel). Introduction to "Price Tag" Attackers  "Price Tag" attackers are extremist Israeli settlers , primarily affiliated with radical right-wing groups, who carry out violent acts agains Palestinians, Israeli security forces, and left-wing activists  in retaliation for perceived threats to Jewish settlements in the West Bank . The term refers to the " price " they seek to impose for actions like outpost demolitions or Palestinian attacks on Israelis.   - Vandalism, arson, or violence by extremist settlers against Palestinians, Israeli security forces, or left-wing activists.      - Often involves graffiti (e.g., "Price Tag," "Revenge," or "Arabs Out").     - Retaliation for Palestinian attacks, outpost demolitions, or Israeli gover...

The Media Sold the War. We Watched It Happen.

What Adam H. Johnson’s How to Sell a Genocide reveals—and what the question of digital witnessing forces us to confront There is a disturbing question at the heart of the Gaza catastrophe that cannot be answered simply by asking what governments did, what armies did, or even what the media reported. There is another question: What did the world do while watching? Adam H. Johnson’s How to Sell a Genocide: The Media’s Complicity in the Destruction of Gaza, published by Pluto Press, approaches Gaza through the machinery of mainstream American media. His investigation examines how some of the most influential institutions in the Western information system—including The New York Times, The Washington Post, CNN and MSNBC—framed the destruction of Gaza. It is an important question because wars are not fought only with weapons. They are also fought through language. Before bombs become statistics, they become headlines. Before civilian deaths become numbers, they become narratives. Before dest...

The Politicization of Antisemitism: Randy Fine, AIPAC, and the Fight Over Anti-Israel Speech

  Randy Fine.  Brief introduction of Randy Fine.  Randy Fine is a U.S. Representative-Elect for Florida's 6th Congressional District and a former Florida State Senator . Born on April 20, 1974, in Tucson , Arizona , Fine holds degrees from Harvard College and Harvard Business School . He began his political career in 2016 as a member of the Florida House of Representatives and later served in the Florida Senate. Fine is known for his strong pro-Israel stance, earning him the nickname " Hebrew Hammer, " and his socially conservative views . He has been involved in contentious legislation and has faced both support and criticism for his policies and rhetoric. Detailed overview of Randy Fine 's stance and legislative efforts related to criminalizing the distribution of anti-Israel flyers, along with broader context about his political agenda and controversies : --- 1. Randy Fine’s Legislative Efforts Against Anti-Israel Flyers - Florida’s Hate Crime Law (2023): ...

Background and Global Implications on Shipping and Marine Insurance Companies in perspective of recent Yemen's Ansar Allah group (Houthi) Attacks in the Red Sea.

Updated: September 06, 2024 1. Impact on Maritime Shipping: Attacks in the Red Sea by Iran-aligned Houthi militants have disrupted a crucial trade route, leading to significant rerouting of shipments away from the Suez Canal. 2. Increased Freight Rates and Congestion: The rerouting has pushed freight rates higher and caused congestion in ports across Asia and Europe. 3. Decrease in Canal Traffic: The number of ships crossing the Suez Canal has dropped by 66% as carriers divert their vessels around Africa. 4. Strained Infrastructure: These disruptions have led to service reconfigurations and volume shifts, straining infrastructure and resulting in port congestion, delays, and shortages in capacity and equipment. 5. Global Network Impact:  Maersk highlighted that the disruption extends beyond the Far East-Europe trade routes, affecting its entire global network. 6. Uncertain Timeline: The timeline for resolving these disruptions and returning to normal operations remains uncertain. 7...

When a City Is Destroyed, What Exactly Is Being Killed?

Gaza is not only a story of buildings reduced to rubble. It is a story about what happens when the physical conditions of urban life—homes, hospitals, universities, roads, water systems, memory and community—are progressively dismantled. There is a word for the destruction of a city that captures something the language of “damage” cannot fully express: urbicide . The term is at the center of Mourad Benguita’s important 2025 research article, “Urbicide in Israel’s War on Gaza: Architecture of Erasure and the Unmaking of Urban Life (2023–2025),” published in Filistin Araştırmaları Dergisi / Bulletin of Palestine Studies . The article examines Gaza not simply as a battlefield but as an urban environment whose physical and social foundations have been subjected to extraordinary destruction. And this distinction matters. Because when a house collapses, we see a destroyed building. When an entire neighborhood disappears, we begin to see something else. When hospitals, schools, unive...