Amount Gangs Extort Money in Colombia

in Business Risk, Transnational Crime

Intelligence from security agencies  across Colombia estimate that nearly 150 different organized crime gangs  earn over $100,000 a month from various micro-exortion demands. In total, the amount of extortion money that gangs earn per year is over $1 Billion.

The gangs target various working professionals at a small rate. Media reports from Colombia state that teachers were paying $7.90 a month in micro-extortions to gangs in order to work. Bicycle taxis operating in Bogota must pay $1.50 per day.

In the town of Narino, security officials claim that 1,300 businesses were forced to shut down due to extortion attempts between 2011 and 2013.

(More illegal ways to make money.)

Source:  Natalie Southwick, “Colombia Micro-Extortion Targets Teachers, Bicycle Taxi Drivers,” Insight Crime, September 23, 2013.

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