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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. ....

United States , Hong Kong , Erik Stretz , United Nations Office On Drugs , Fico Principal , Money Laundering , Illegal Wildlife Trade , East Asia , United Nations Office , South America , Financial Task Force , Illegal Wildlife , ஒன்றுபட்டது மாநிலங்களில் , ஹாங் காங் , ஒன்றுபட்டது நாடுகள் அலுவலகம் ஆன் மருந்துகள் , பிகோ ப்ரிந்ஸிபல் , பணம் சலவை , சட்டவிரோதமானது வனவிலங்கு வர்த்தகம் , கிழக்கு ஆசியா , ஒன்றுபட்டது நாடுகள் அலுவலகம் , தெற்கு அமெரிக்கா , நிதி பணி படை , சட்டவிரோதமானது வனவிலங்கு ,