This paper will look into how organized crime groups make money. These groups make money through many avenues, however the most popular ways of making money for organized crime groups pertain to drug trafficking, human trafficking and corruption, which includes financial crime. Here in Canada, the majority of organized crime groups are involved with the importation and exportation of drugs, as it is highly fiscally rewarding. The Canadian black market is currently valued at $77 billion, with drug related activities such as trafficking making up 57% (approx. $44.5 billion) (http://www.havocscope.com/tag/canada/). Organized crime groups in Canada mainly import illicit drugs from the US, Mexico, China and Southeast Asian countries. Canada’s main
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Thru corruption these groups take advantage of weakened governments and their officials to find ways to benefit politically, economically and socially. There are many forms of corruption, with organized crime groups mainly using bribery, extortion and embezzlement to achieve their goals. Worldwide, bribery alone is estimated to involve over 1 trillion US dollars annually (http://news.bbc.co.uk/2/hi/business/6288400.stm). An issue with corruption is that organized crime groups can generate higher levels of poverty. Corruption determines the misuse of a government’s resources such as financial funds, and important sectors such as education and jobs (such as selling infrastructure contracts to certain groups for financial reasons). Through corruption the rich involved become richer and the poor become poorer as they can no longer afford many services. Organized crime groups also use corrupt officials to simply turn a blind eye to their actions. This can be seen at the start of Pablo Escobar’s rise. These groups and individuals such as Mr. Escobar use corrupt officials not only to turn a blind eye but to also receive early warnings about police raids, investigations and
Thru corruption these groups take advantage of weakened governments and their officials to find ways to benefit politically, economically and socially. There are many forms of corruption, with organized crime groups mainly using bribery, extortion and embezzlement to achieve their goals. Worldwide, bribery alone is estimated to involve over 1 trillion US dollars annually (http://news.bbc.co.uk/2/hi/business/6288400.stm). An issue with corruption is that organized crime groups can generate higher levels of poverty. Corruption determines the misuse of a government’s resources such as financial funds, and important sectors such as education and jobs (such as selling infrastructure contracts to certain groups for financial reasons). Through corruption the rich involved become richer and the poor become poorer as they can no longer afford many services. Organized crime groups also use corrupt officials to simply turn a blind eye to their actions. This can be seen at the start of Pablo Escobar’s rise. These groups and individuals such as Mr. Escobar use corrupt officials not only to turn a blind eye but to also receive early warnings about police raids, investigations and