The Global Initiative against Transnational Organized Crime has published a report – Transnational Organized Crime and the Impact on the Private Sector: The Hidden Battalions – based on a detailed review of the scale and nature of organised crime’s infiltration of the private sector. These findings are a ‘call to arms’ for the international private and public sectors to transform their co-operation and teamwork.
In the analysis of six major private sector industries, six specific forms of organised crime stood out as either having material impact on the private sector, or using the private sector as facilitators. One of them is counterfeiting and contraband. Whilst thought of as being a consumer goods crime, they are rife in a broad range of sectors, in particular technology products and pharmaceuticals, to devastating effect. It is estimated by OECD at $461billion, or 2.5% of world trade.
The full report is available here.