Opinion | James Baker, Hillary Clinton: Japan must act to end sale and trade of elephant ivory washingtonpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from washingtonpost.com Daily Mail and Mail on Sunday newspapers.
HK in trouble as it loses autonomy
By Joseph Tse-hei
Lee 李榭熙
Once a world-class territory for entrepreneurs and investors, Hong Kong is now in trouble. Its full integration into the Chinese autocratic system began with the implementation of the National Security Law last year.
Proclaiming to safeguard security without deterring investment, Beijing has imposed a top-down authoritarian rule, dictated public discourse with state-run media, and replaced civil service professionals with ideological loyalists and independent judges with pliable cronies.
The new security regime authorizes the local government and police to employ violence to silence dissent and elicit obedience from Hong Kongers. Even though Hong Kong Chief Executive Carrie Lam (林鄭月娥) and her cronies are firmly in power, they are morally bankrupt and callous, losing the legitimacy that they desperately need to govern.
Pakistan presents report on implementation of FATF recommendations
Published On
Over the last two years, Pakistan has made significant progress to address many legislative gaps
ISLAMABAD (Dunya News) – Pakistani authorities on Monday have presented an implementation report on the recommendations of the Financial Task Force (FATF) during a virtual meeting.
The three-day virtual plenary session of the Financial Action Task Force, during which Pakistan s performance in terms of measures taken against money laundering and terror funding will be reviewed once again, commenced on Monday.
Sources privy to the Finance Ministry, Pakistani officials presented report to the Asia Pacific Group, an affiliate of the FATF during the virtual meeting. Pakistan had sent a 27-point implementation report to the Asia-Pacific Group.
Illegal Wildlife Trade: What Banks Must Do
Author: Erik Stretz, Fico Principal Consultant
The FATF released their report on ‘Money Laundering and the Illegal Wildlife Trade’ a topic that has been sitting on the side-lines for a long time, overshadowed by more prominent criminal ventures, such as drug trafficking. Although the market pales compared to the vast sums moved in the drug space, it’s still the 4
th most lucrative trade. Billions of dollars are made at the cost of our natural environment and the economical longevity of the affected countries and regions.
Now, one might think that IWT is very much a regional issue: Iconic wildlife such as elephants are poached in Africa, and probably in Asia, too, and the proceeds are primarily sold in East Asia, where followers of traditional Chinese medicine advocate various health benefits. However, that is in fact not the case.
Share
Banks can help stop wildlife trade
Thu, 4 February 2021
Despite being the fourth most lucrative trade globally, illegal wildlife trade (IWT) is often overshadowed by more prominent criminal ventures, such as drug trafficking and arms dealing.
It is estimated that $26 billion is made yearly at the cost of our natural environment, fuelling corruption, and damaging the reputation and economies of the affected countries.
Financial Action Task Force (FATF), the global money laundering watchdog, recently released a report into the matter, which makes it clear that organised crime uses the wildlife trade to exploit weaknesses in the financial and non-financial sectors, to move, hide and launder their proceeds