November 22 2019
Every year, the illegal wildlife trade threatens many animal species with extinction. Not only does this illegal trade have a devastating impact on our biodiversity, it is also generating vast amounts of revenues for criminal networks, often with a wide international reach. UN research estimates that the illegal wildlife trade is worth as much as 23 billion USD every year.
The Financial Action Task Force, under its Chinese presidency, has made it a priority to help countries go after the money involved in the illegal wildlife trade, and identify and disrupt large criminal networks that profit from this crime.