Illicit drugs supply on the increase in Europe
Brussels (Brussels Morning) Europol warns that the supply of all kinds of illicit drugs is on the increase. Also, drug seizures by police are on the rise. The EU’s agency for cooperation among law enforcement bodies has noted a marked increase in cross-border organised crime investigations in the last two years.
These seizures target heavier drugs in particular, with cocaine trafficking to the EU area intensifying. Just last week, police officers with the support of Europol raided a cocaine smuggling network, resulting in 45 arrests.
Over 52 tons of cocaine had been smuggled from Brazil through seaports in Portugal, Spain and Belgium before reaching the market, rendering an estimated €100 million in profits over the last half year alone.
Big sums of cash were seized in Portugal, Spain and Belgium, as were luxury cars in all three countries. Aircraft in Brazil were also seized in connection with the drug trafficking. Most of the impounded assets originated in Brazil.
The crime syndicate targeted in last week’s sting raids worked directly for South American drug cartels that prepared the shipments using maritime containers bound for major European seaports. Europol warns that the scale of the cocaine trade targeting Europe still remains massive.
The huge illicit profits from the drugs trade result in a vast grey economy. Despite stricter European anti-money laundering legislation, relatively few asset are seized as a result of tracing illicit profits.