×
Menu
Search

In The News

Home > Acquisitions > Why Illegal Trafficking in Organs is growing fast..but few are talking about it..by Steve Farrer
Jun29 - 20

Why Illegal Trafficking in Organs is growing fast..but few are talking about it..by Steve Farrer

Illegal organ transplantation is estimated to account for 5-10% of all global organ transplants, generating between USD$840 million to USD$1.7 billion annually, and is another form of human exploitation on the rise. Operating on a global scale, it uses a series of professional “middlemen”, specialist medical personnel, specialist blood & tissue testing laboratories, public and private medical & surgical facilities (on occasion, “popup” surgical theatres), travel and facilitation companies, and front companies to hide the activity, particularly the payments. Few compliance professionals are aware of the size and scale of the crime, and the elements of the crime that may leave a signature in the financial system which is used to facilitate this illicit trade. Read the complete article HERE.

Categories

Archives

Events

Summer 2024

Join Bates in 2024 for an in-depth compliance training retreat at beautiful Lake Bras Coupé in Québec, open to compliance professionals in MSBs and non-banking…

November 14, 2023
Seminole Hard Rock Hotel & Casino

Team members from Bates Group LLC will present at the CrossTech World 2023 Conference on November 14-16, 2023, at the Seminole Hard Rock Hotel &…

contact us

Please fill out all fields marked with* and submit the following form to
request your consultation.

Contact Us Today

Please fill out all fields marked with * and submit the following form to request your consultation.

  • This field is for validation purposes and should be left unchanged.