The federal government is augmenting its efforts to counter organized retail crime, which leads to almost $70 billion in losses per year.
Organized retail crime is the large-scale theft targeting retailers with the goal to resell the items for profit that has increasingly become a threat to the economy and public safety and has increased due to prevalence of the e-commerce marketplace. Officials from Homeland Security Investigations and the Association of Certified Anti-Money Laundering Specialists announced on Wednesday a partnership to combat organized retail crime as well as an educational guide for law enforcement officials, financial crime investigators and others.
