US, South Africa establish additional task force to combat w...| MENAFN.COM

Tuesday, 07 February 2023 10:55 GMT

US, South Africa establish additional task force to combat wildlife trafficking, money laundering

(MENAFN) The US and South Africa established an additional task force to battle the investing of wildlife trafficking, the American Treasury Department declared on Wednesday.

The task force is going to operate to fight illicit finance associated to illegal wildlife exchange in three viatal sectors: trading of financial red flags and signifiers associated to wildlife trafficking cases, trading data among economic intelligence units of the two nations, as well as bringing together administration authorities to combat money laundering associated to drug as well as wildlife trafficking.

Treasury Secretary Janet Yellen stated in an announcement that "To protect wildlife populations from further poaching and disrupt the associated illicit trade, we must ‘follow the money’ in the same way we do with other serious crimes."

She continued: "This includes identifying and seizing the proceeds generated from the illegal wildlife trade and impeding the money laundering and cross-border transactions of the transnational criminal organizations often involved in—and who benefit from—corruption.”


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