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Illicit trade is the production or distribution of a good or service that is considered illegal by a legislature. [1] It includes trade that is strictly illegal in different jurisdictions, as well as trade that is illegal in some jurisdictions but legal in others. [2] Illicit trade can occur either in black markets or in
Participants try to hide their illegal behavior from the government or regulatory authority. [4] Cash is the preferred medium of exchange in illegal transactions, since cash transactions are less easily traced. [5] Common motives for operating in black markets are to trade contraband, avoid taxes and regulations, or evade price controls or ...
As a result, illegal trade through customs stations is differently considered, and smuggling is defined as international trade through 'unauthorized route'. [ 55 ] [ citation needed ] A seaport, airport or land port which has not been authorized by the government for importation and exportation is an 'unauthorized route'.
The illegal drug trade, drug trafficking, or narcotrafficking is a global black market dedicated to the cultivation, manufacture, distribution and sale of prohibited drugs. Most jurisdictions prohibit trade, except under license , of many types of drugs through the use of drug prohibition laws .
The US federal government is an opponent of the illegal drug trade; however, state laws vary greatly and in some cases contradict federal laws. The Organization of American States estimated that the revenue for cocaine sales in the US was $34 billion in 2013.
The following is a list of illegal arms dealers – individuals involved in the illicit sale and transfer of firearms. Name Nationality Born Died Abdelkader Belliraj
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Though one of the least profitable illegal trades, arms trafficking made an estimated $1.7-3.5 billion in 2014, making it the 9th largest criminal market, which was valued at $1.6-2.2 trillion. [29] The AK-47 is one of the most appealing weapons in the illegal weapons trade due to its low cost and reliability. [30]