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The social impacts: Money laundering, for instance, is essential for making crime profitable and expanding its scope, as it enables traffickers, smugglers, and other criminals to broaden their activities.Furthermore, the magnitude of the economic power gained by criminals as a result of their illicit activities can have a corrupting influence on all elements of society, and it can even lead to actual control over existing systems and legitimate governmentsThe healthcare for treating drug addicts poses a significant financial burden on many countries; for example, the cost of health damages and loss of labor productivity due to drug-related harms in the United States is estimated at around 110 billion US dollars.
The social impacts:
Money laundering, for instance, is essential for making crime profitable and expanding its scope, as it enables traffickers, smugglers, and other criminals to broaden their activities. This leads to increased government spending on protecting society from crime, necessitating additional costs for maintaining security, law enforcement, and combating crime in general. The healthcare for treating drug addicts poses a significant financial burden on many countries; for example, the cost of health damages and loss of labor productivity due to drug-related harms in the United States is estimated at around 110 billion US dollars.
The Financial Action Task Force reported in a publication in 1990 that drug sales (heroin, cocaine, and Indian hemp) in Europe and the United States were estimated to exceed 122 billion US dollars, and the United Nations Development Programme's 1997 report estimated the global capital for drug production and trade in 1995 at 359 billion US dollars. We are all aware of the risks of drug consumption and its health and social consequences.
One of the social consequences of economic and financial crime is the transfer of economic power from markets, governments, and honorable citizens to criminals. Furthermore, the magnitude of the economic power gained by criminals as a result of their illicit activities can have a corrupting influence on all elements of society, and it can even lead to actual control over existing systems and legitimate governments
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