IT To Root-Out Illegal Drugs Trade

Information Technology (IT) today provides an unprecedented, but extraordinarily simple way for the Government to successfully Root-Out most of the corruption and crimes prevailing today including the illegal drug trade.

To accomplish it, first of all the Governments should Bring in the most important policy of ‘biometric identity in all bank accounts’. I call it “Mandatory Biometric Identity” (MBID), whereby making all money transaction above a given amount only through the bank to bank account. It can be called as; “Mandatory Electronic Money Transaction” (MEMT).

Let me explain how this anti-corruption system works in a simple practical way. Under the above monetary policy, suppose the government stipulates that all money transaction (buying and selling or any money transfer) above say $10 should be only conducted through the bank to the bank accounts. If any one making cash deposit or withdrawals above the given amount should submit the detailed accounts of its income or the payment source.

In this situation if the drug peddler accepts bank to bank account E-money or credit card from the customer in exchange of to the illegal drugs, then electronic money transaction instantly gets recorded in the bank that will serve as the concrete evidence for the law enforcement to arrest and to convict most of them without any difficulty. So instead of the E- or the credit card money the peddlers most probably accept the cash money as they find it safe. However sooner the peddler start to face a serious problem as the cash money gets accumulates into large sums which he/she can not deposit in the banks because it requires the detailed accounts of where all the cash money came from or its original source that is why they avoided doing so in the first place. So for all practical purpose the drug peddler make the cash money payment to the main drug supplier. However then it will put the top drug mafia bosses in far serious problem as it will become extremely difficult for them to dispose (money laundering) such a huge amount of cash money in any available means, since opening a fake bank account or depositing large sums of illicit cash money becomes absolutely impossible due to the Governments MBID/MEMT bank policy.

In such given market environment it won’t be possible to anyone including the drug peddlers or the criminal bosses with the accumulated large sums of cash money, to buy most of the things they want, goods and services worth more than $10 can not be purchased by cash despite their huge amount of cash money while most of their essential goods and services prices generally exceeds that amount. Therefore, for anyone with the large sums of cash money instead of a valuable asset it would become a huge liability very difficult to get rid off, and highly dangerous to keep.

In such situation the traders or the businesses will prefer e-money (credit cards, bank cheques) even for smaller or far less than $10 amount. Similarly the general public also prefer to buy with e-money as almost all their income (salary etc) deposited directly in their bank account as it exceeds more than the stipulated amount and they also will try to avoid accumulating large sum of cash money so prefer purchases by the cards (E-money)payment even while making small purchases. In such a E-money transaction economy every money transaction (licit or illicit) gets instantly recorded with the concrete evidence that overwhelmingly lead into conviction for the criminals engaged in corruption.

This will make it extremely dangerous for any one engage in illicit money transaction the basic foundation on which almost all corruption or crime stand upon. Therefore the MBID/MEMT combined will mostly dissuade any illicit businesses including the illegal drug trade. More on this subject matter in the principle document titled: “IT To Root-Out Corruption” and other main articles in the web links given below.