Effects of Global Organized Crime

Effects of Global Organized Crime

Global organized crime exists in almost every country worldwide and continues to expand in size infiltrating new economies. The emergence of cutting edge technology, growing businesses, and political pressures has opened up new avenues for these criminal organizations to prosper. There is currently no universally accepted definition of organized crime; however the most concise definition states that organized crime involves a continuing enterprise operating for the production and sale of illegal goods and services. Combined economic losses upwards of 500 billion dollars a year have been reported on a worldwide scale stifling some economies and consuming business entities completely. Atrocities are being forced upon the unfortunate victims of organized crime. Some of these affronts include torture, loss of wealth, violence, extortion, theft, blackmail, physical harm, and murder. The infiltration of these crime groups reach all over the world, from underdeveloped to developed countries with no immediate means of halting its progression.
Organized Crime thrives on the infiltration of legitimate business much like a parasite, attaching itself and stealing from the host. Criminal groups do this to create income, skim profits, gain power, and launder money. This is mostly known as white collar crime committed by individuals working for the company. However, mafia families have begun to implant themselves deep into multinational corporations in order to generate massive revenues to bypass having to take on riskier investments such as narcotics trafficking. The introduction of rapid money transfer on a global scale has opened up opportunities for illicit monies to trickle into legitimate accounts through manipulation of the system. At this time the Italian mafia is the largest and most powerful crime group in the world, with the Russian mafia quickly growing both in numbers and finances. The criminal activity and the fallout from such acts can not be ignored by the...

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