The threat and development of trade-based money laundering (TBML) cannot be seen in isolation from other money laundering typologies or the variety of crimes – including drug, people and wildlife trafficking – that generate the cash that criminals need to channel into the mainstream economy, according to the director-general and executive director of the United Nations Office on Drugs and Crime (UNODC).

Speaking at the opening of the 12th session of the Conference of Parties to the UN Convention against Transnational Organised Crime, Ghada Waly, underlined that organised crime is becoming active in a growing variety of crimes. She is notably concerned about the illegal wildlife trade and how sophisticated criminals are increasingly adopting new technologies to launder their ill gotten gains.

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