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Less than 1% of illegal money gets recovered by agencies: Interpol

On a global level, the most significant rise was seen in organised crime which was prevalent in both, the digital as well as the physical world

Sources said that the refusal of RCN is triggered by the decision of Commission for the Control of Interpol’s Files (CCF)-- an independent body that ensures that all personal data processed through Interpol’s channels conforms to the rules of the org

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2 min read Last Updated : Oct 18 2022 | 10:43 AM IST

Speaking on the eve of the 90th Interpol General Assembly in Delhi, Interpol Secretary-General Jurgen Stock said that less than 1 per cent of illegal global money gets recovered by enforcement agencies, as reported by Businessline (BL). He said that the global cost of cybercrime is expected to reach $10.5 trillion by 2025.

"Organised crime networks are making billions of dollars, and the fact that less than one per cent of global illicit financial flows are intercepted and recovered, or rather, nearly 99 per cent of stolen assets remain in criminal hands, should be of greater concern to everyone," Stock said.

Topics : Interpol New Delhi Cybercrime Money laundering BS Web Reports Enforcement Directorate

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