Driving Innovation to Enhance Greater Enforcement against the Wicked Harms Posed by Illicit Markets and Threat Networks Across Borders In recent years, numerous organizations such as the… Read more “Leveraging Transformative Technologies and Smart Supply Chain Solutions to Fight Illicit Economies”
We Must Shoot for the Moon “We choose to go to the Moon in this decade and do the other things, not because they are easy, but because… Read more “Dr. Fauci and Fibonacci: Intelligence, Imagination, Innovation, and Inspired Leadership in Turbulent Times and Confronting Global Threats”
#FakeMedicinesKill In a new evidence-based report by the the Organization for Economic Cooperation and Development (OECD), the European Union Intellectual Property Office (EUIPO), and the OECD Task Force on Countering… Read more “Fake Medicines Kill: Trade in Counterfeit Pharmaceuticals Poses Significant Threats to Public Health (COVID-19)”
A Global Hub for Research and Training to Fight a Multi-Trillion Dollar Illegal Economy Today’s global illicit markets generate trillions of US dollars every year for transnational criminal organizations,… Read more “The Anti-Illicit Trade Institute (AITI), Terrorism, Transnational Crime, and Corruption Center (TraCCC), GMU”
TraCCC’s new Anti-Illicit Trade Institute (AITI) Aims to Become a Global Hub for Research and Training to Fight Multi-Trillion Dollar Illegal Economy.
We must continue to increase international cooperation to investigate and prosecute the webs of corruption and criminality in sport; identify and prevent access by kleptocrats and criminals to financial systems; deny safe haven to criminals and corrupt officials; identify, recover and return proceeds of their criminality; and provide anti-crime assistance for capacity and training to strengthen critical law enforcement and rule of law systems.
David M. Luna President & CEO Luna Global Networks & Convergence Strategies LLC Capitol Hill Rayburn House Office Building Washington, DC May 24, 2019 Prepared Statement before… Read more “Combating Trade-Based Money Laundering and Other Forms of Threat Finance that Fuel Illicit Commerce: Harms to the American Economy, Businesses, and Citizens”
Illicit commerce is seriously harming the U.S. economy, impacting critical American industries and brands, and posing a grave threat to the health and safety of our citizens and communities. Criminals and counterfeiters are expanding their market share with fake products in storefront and on-line markets, contributing to a growing global illegal economy valued at between $500 billion and $3 trillion. Criminally-derived profits (or dirty money) related to corruption and money laundering constitute several trillion dollars more that further finances insecurity and instability around the world.
The formation and use of anonymous companies undermine the economic and financial interests of U.S. companies and markets according to a new report published Monday by the Financial Accountability and Corporate Transparency (FACT) Coalition. The author, former Chair of the OECD Task Force on Countering Illicit Trade David M. Luna, found that criminals and counterfeiters are expanding their market share with fake products in storefront and on-line markets, contributing to a growing global illegal economy valued at between $500 billion and $3 trillion.
The U.S. needs to double down on efforts to assure more effective cooperation with China, Mexico and Canada, bilaterally and through a new four-way framework to halt the deadly fentanyl commerce.