(C) News Channel 5
The human trafficking crisis in Southeast Asia has escalated into a global concern. Organized crime rings, which initially fueled an “explosion” of human trafficking and cyber scam centers during the pandemic, have now expanded their operations beyond the region. Let’s delve into the details of this urgent issue.
Driven by online anonymity, inspired by new business models, and accelerated by COVID-19, these criminal groups now operate on an unprecedented scale. What began as a regional threat in Southeast Asia has transformed into a global human trafficking crisis. Millions of victims suffer, both within the cyber scam centers and as direct targets.
The emergence of new cyber-scam centers, often staffed by unwilling individuals trafficked under false promises of legitimate jobs, has allowed organized crime groups to diversify their revenue streams. While drug trafficking remains a significant contributor (accounting for 40% to 70% of criminal groups’ income), these groups are now branching out. They exploit drug trafficking routes for other illicit activities, including:
An astonishing US$2 trillion to US$3 trillion in illicit proceeds flow through the global financial system annually. Organized crime groups can rake in up to US$50 billion per year. These staggering numbers underscore the urgency of addressing this crisis.
Singapore deserves recognition for uncovering a significant money laundering case last year, involving seized assets totaling over SG$3 billion.
As the crisis intensifies, urgent action is needed to combat human trafficking, protect victims, and dismantle criminal networks.
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