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Human trafficking poses money laundering risk: FATF PDF Print E-mail
Thursday, 21 July 2011 07:00

"These instances in the FATF report indicate the nexus of money laundering and terror financing with human trafficking in the country," a senior Revenue intelligence officer in the national capital said. The report states that one of the major attractions for criminals to indulge in human trafficking and smuggling of migrants is because this is seen as a relatively "low risk-high reward" crime. "Good profits can be made with the prospect of limited penalties if caught, in large part because the prosecution is for the predicate offence and not for money laundering," the bulky report said. Another case with Indian connections originated from the United States of America (USA), as per the FATF. "One US Immigration and Customs Enforcement Homeland Security Investigations (ICE-HSI) case targeted an organisation that was involved in smuggling undocumented Indian nationals into the United States. In August, 2006, individual X solicited another person to assist him in finding a new smuggling contact. This individual introduced X to an undercover ICE-HSI special agent. The ICE-HSI special agent agreed to smuggle Indian nationals from Bangkok, Thailand to the United States for USD 12,000 per alien. "In March, 2007, ICE-HIS special agents brought six Indian nationals into the United States on significant benefit paroles on behalf of the smuggling organisation. The aliens believed they were entering the United States on counterfeit Permanent Resident Alien Cards. "The aliens were delivered to members of the smuggling organisation in Pennsylvania. The process was repeated in August, 2007. The smuggling organisation paid the undercover agent in money orders sent via a money remitter from Chicago and Philadelphia," the report said. Another instance of such a financial crime was reported in Pennsylvania, where payments were made to Indian agents of a "principal leader" of a migrant smuggling organisation based in the United States for successfully pushing in Indians illegally.


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