Profits from counterfeit CDs, DVDs and other fake goods are used to finance terrorism, Ronald Noble, secretary general of international police organization Interpol warned in Brussels on Tuesday.

Profits from counterfeit CDs, DVDs and other fake goods are used to finance terrorism, Ronald Noble, secretary general of international police organization Interpol warned in Brussels on Tuesday. Speaking at the inaugural Global Congress on Combating Counterfeiting, Noble urged governments to stop ignoring the multibillion-dollar crime.

Interpol co-hosted the conference on combating counterfeiting with the Brussels-based World Customs Organization (WCO) in a bid to fight against the huge illegal trade. The joint effort brought together experts from the public and private sectors to discuss better strategy to combat counterfeiting. The WCO estimates trade in counterfeit products exceeded 6% of global trade last year, or more than $500 billion.