40 to 50 percent of the profits from gas smuggling is believed to end up in the hands of insurgents.
Author: havocscope
Sales of Stolen Oil in Nigeria in 2007
In 2007, up to 100,000 barrels of oil was sold everyday by oil smugglers in Nigeria.
Value of Fuel Smuggled out of Iraq in 2005
$4 billion worth of gas was smuggled out of Iraq in 2005.
Seizures of Supernotes from North Korea as of 2006
United States Authorities have seized around 50 Million Counterfeit Dollars known as Supernotes that originated from North Korea.
Profit for North Korea from Selling Fake US Dollars
North Korea earns an estimated $20 million annually from selling counterfeit US dollars.
Diamond Smuggling in the Ivory Coast
Diamond smuggling in the Ivory Coast leads to $23 Million worth of diamonds to leave the country each year.
20 percent of Sierra Leone's diamonds were being smuggled out of the country in 2005
Source: Tristan McConnell, “Fighting diamond smuggling in Africa,” Christian Science Monitor, July 30, 2007,(accessed: July 31, 2007).
99.8 percent of world's diamonds are being certified as legitimate
Officials from Botswana, the world’s biggest producer of high-quality minerals, reported to participants of the Kimberley Process that 99.8 percent of the world’s diamonds are being certified as legitimate. (Environmental Crimes around the world.) Source: Moabi Phia, “Watchdog urged to crack down on Cote d’Ivoire,” Mail & Guardian Online, November 6, 2006,(accessed: November 13, 2006).
Venezuela has officially exported 0 diamonds
Although Venezuela is estimated to produce 150,000 carets of diamonds annually, it has officially exported none since 2005.
Illicit diamonds in the 1990s
In the 1990s, it was estimated that as much as 25 percent of the world’s diamonds were in some way illicit (used for money laundering, tax evasion, purchasing drugs, weapons and other goods, or were stolen).