State Department group sees illicit cigarette trafficking as security threat
Virginia – A recent U.S. Department of State report on illegal tobacco trafficking deems it a lucrative revenue source for organized crime and terrorists in addition to costing state and local governments in the U.S. an estimated $3 billion to $7 billion in tax losses each year. Internationally, it fuels transnational crime, corruption, and terrorism,” the report says. “As it converges with other criminal activities, it undermines the rule of law and the licit market economy, and creates greater insecurity and instability in many of today’s security ‘hot spots’ around the world. Illicit tobacco provides a significant revenue stream to illicit actors without the high risks and punishments associated with trafficking in narcotics or humans.
The most recent estimate of the global tax loss to black market cigarette trafficking is $40 billion to $50 billion, the report says.
Related Posts
RM42,000 worth of fake cosmetics seized in Rantau Panjang.
RANTAU PANJANG: The General Operations Force (GOF) seized 1,056 bottles of...
Tobacco firms rue weak anti-smuggling campaign
The domestic tobacco industry hopes that the Government can be more effective in...
Fake Currency Notes Worth ₹ 1.85 Lakh Seized, 1 Arrested: Cops
Guwahati: The police in Assam have seized fake currency notes worth ₹ 1,85,000...
Chaygaon Police seized fake currency notes worth Rs 6 lakh; three arrested
BOKO: Chaygaon Police seized fake Indian currency notes of Rs 500 denomination...




