German Organized Crime laundering $708 million
In its annual report on organized crime, German law enforcement highlighted the various threats and the illicit revenue generated.
In its annual review on serious and organized crime in Germany, the Federal Criminal Police Office (BKA) announced that new laws were needed to combat child pornography and organized crime.
The BKA’s annual report on organized crime, issued on Wednesday, Aug. 27, said criminals were increasingly using legitimate businesses to cover up their illegal activities and that new laws were needed to combat the booming online child pornography market.
Joerg Ziercke, the head of the BKA, said organized crime gangs were increasingly infiltrating legal industries to launder profits from the illegal drug trade and using businesses as front for criminal enterprises. The report showed that an estimated 481 million euros ($708 million) of ill-gotten gains were made behind the facade of legitimacy in Germany in 2007.
Germany is listed at number 6 on the Havocscope Black Market Countries Index.
