Threat to U.S. Trade and Finance From Drug Trafficking and International Organized Crime: Statement of Jonathan Winer on July 30, 1996 Before the Senate Caucus on International Narcotics Control of the Subcommittee on Trade of the Senate Finance Committee

• NCJ Number: 173209
• Author(s): J Winer
• Date Published: 1996
• Length: 9 pages
• Corporate Author: US Dept of State
• Sale Source: US Dept of State; NCJRS Photocopy Services
• Language: English
• Country: United States of America

Annotation

The Deputy Assistant Secretary of State for International Narcotics and Law Enforcement Affairs discusses the multiple threats that drug trafficking and international organized crime pose to trade and finance.

Abstract

The Administration is concerned about transnational organized crime due to the direct threat this crime poses to the physical safety and economic well-being of United States citizens in the country and overseas. This crime also threatens national security and foreign policy interests in several regions in the world, thereby undermining legitimate economies and threatening emerging democracies. Major criminal organizations and drug traffickers exploit international financial mechanisms to launder illicit proceeds. They use trade mechanisms to smuggle drugs and contraband. The 1988 United Nations Convention remains one of the most effective methods for forcing concerted action against money laundering and other financial crimes. However, inconsistent enforcement of the convention's provisions against money laundering is an important factor in the continued high level of global financial crime. Countries need to take action in several areas. The United States is making several efforts to improve international cooperation. Training and technical assistance are important parts of these efforts. Coordination with the United States government of overseas law enforcement activity is also important. However, further efforts are needed in several areas.