Criminal orgs amass 'staggering' sums, outpace defense spending across SOUTHCOM

By Jason Sherman / February 28, 2025 at 9:00 AM
Transnational criminal organizations operating across Latin America and the Caribbean amassed a "staggering" $358 billion in revenue last year -- six times the combined defense budgets of all nations in the region including Mexico -- posing a growing strategic challenge to the United States, according to a senior official. That is the assessment of Adm. Alvin Holsey, head of U.S. Southern Command, who painted a stark picture of the increasing power and reach of these organizations -- or TCOs --...

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