GIABA
Typologies Report on Laundering the proceeds of illicit Trafficking in Nacotic Drugs and Psychotropic 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 cost and the final price the consumer 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 money 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 which is warehoused in the region and mostly shipped in small quantities to Europe and other 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.
