Part 1  English into Chinese

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International Cooperation Against Transnational Organized Crime

Organized crime groups pose challenges as never before to societies everywhere. Whether involved in drug trafficking, money laundering, people smuggling or outright terrorism they operate in a sophisticated way without regard to national frontiers. The profits of crime are vast. The International Monetary Fund has stated that he aggregate size of money laundering in the world could be somewhere between two and five per cent of the world’s gross domestic product.

Putting a dollar figure on that, it is estimated that money laundering activity could now involve as much as 1.5 trillion US dollars a year, and it seems likely that half of that figure is attributable to the proceeds of drug trafficking.//

Given that profits of this scale can be made, the temptations for people at all levels to get involved are manifest, and we must clearly understand and beak down the vicious cycle that exists between money laundering)and corruption: corruption has to be well funded to, succeed in its object of corrupting public officials and others, and that is being achieved all too often by the use of illicit assets.