AML TAKES ON THE WILDLIFE TRADE – BUT WILL IT SUCCEED?
July 1st, 2021
The illegal wildlife trade is one of the world’s biggest money earners for criminals and is now coming under serious attention from the international anti-money laundering community.
Advocates for curbing the illegal wildlife trade (IWT) by ‘going after the money’ have been pushing for years for the trade to be included in anti-money laundering (AML) measures. But only last year, in June 2020, did the Financial Action Task Force (FATF) issue a dedicated report, ‘Money Laundering and the Illegal Wildlife Trade’. (1)
As the report notes, “despite ...
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