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
130 litres of ID liquor, 39 motorcylces and 30 kg ‘adulterated’ ghee seized in cordon and search operations in Nandyal district
Nandyal District Police conducted cordon and search operations at various...
DRI busts international gold smuggling racket; ₹1.4 crore yellow metal seized, 2 held
The Directorate of Revenue Intelligence (DRI) has arrested the “mastermind” of...
Pharmaceuticals And Food Anti-Counterfeiting Technologies Market To Witness Enhanced Rate Of Application Till 2020: Grand View Research, Inc.
Deceptive representation of an original food product and pharmaceutical is...
Chennai: Customs seizes gold, foreign cigarettes
During a personal check, gold bangles weighing 390 grams valued at Rs 14 lakh...

