Financial institutions’ critical role in combatting wildlife trafficking outlined in new FinCEN report
The US treasury department’s Financial Crimes Enforcement Network (FinCEN) has released a Financial Threat Analysis on wildlife trafficking threat patterns and trend information identified in Bank Secrecy Act (BSA) data. The report aims to further inform efforts to combat wildlife trafficking and the associated movement…
South African working group reports progress in tackling trade-based financial crime
The South African government’s illicit financial flows Inter-Agency Working Group (IAWG) has told a parliamentary committee that in 2018 and 2019 it has managed to conclude two cases and recover 400 million rand (R400 million – US$22.7 million) in illicit financial flows (IFFs). The IAWG…
