Typologies Report on Laundering the Proceeds of Illicit Trafficking in Narcotic Drugs and Psychostropic Substances in West Africa
- Senegal: GIABA, 2010.
- 82p
Drug trafficking is the largest source of illicit funds globally. This is largely due to the wide gap between production co st and the final price the c onsumer pays, especially in Western Europe and North America. For the trafficker, profit is the motive and is largely determined by the risk they are willing to take to deliver the drugs to the highest paying consumer. Locally, massive cannabis cultivation and consumption has been a source of major concern in the not only because of the illegal mone y it generates but also due to the associated health hazards. In recent years, West Africa has been targeted by drug traffickers from Latin America with large consignment of cocaine whic h is warehoused in the region and mostly shipped in small quantities to Europe and ot her destinations using local couriers. The problem has attracted attention at the highest level in the region as well as globally. There are ongoing regional initiatives to address the problem.
