Fisheries related crimes should be considered ‘predicate offences’ for money laundering, according to a new report by the Financial Transparency Coalition (FTC), which focuses on the extensive use of forced labour in the fisheries sectors.

If illegal, unreported and unregulated (IUU) fishing and the forced labour that is extensively employed in these crimes are considered predicate offences, the report suggests that financial institutions may be expected to play a more active role in uncovering fisheries related crime.

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