13 Jan 2021
Financial intelligence units (FIUs) must ramp up their efforts to combat wildlife crime through partnerships with supervisory bodies and law enforcement agencies, the Egmont Group said in report published Tuesday.
The report calls on the group’s member-states to include wildlife crime in their national risk assessments, analyse suspicious transaction reports based on those findings and apply the techniques currently used by FIUs when reviewing predicate offences where cash is the predominant payment method. National FIUs should also consider the creation of wildlife-crime task forces and working groups as well as the implementation of training programs for law enforcement investigators and financial supervisors, the group said.
“As wildlife crime is highly nuanced, FIUs need to connect with national agencies and other organisations with local expertise on this issue to develop specific responses and strategies for combatting the illicit financial flows linked to wildlife crime,” the intergovernmental group said in the report, which highlights the threats posed by criminal syndicates to pangolins, elephants, rhinoceroses, tigers and other endangered species.
The publication follows a report on the illegal wildlife trade and money laundering issued by the Financial Action Task Force (FATF) in June.
Read the Egmont Group report here
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