Regulatory Alerts2020-07-10
leas Fius Following The Money Iwt
The Financial Action Task Force (FATF) emphasizes the crucial role of law enforcement, customs officials, and financial intelligence units in combating financial flows from illegal wildlife trade. Their report stresses the importance of financial investigations, enhanced coordination, and resource allocation to address money laundering risks associated with this crime. Authorities are encouraged to conduct parallel financial investigations, pursue money laundering charges, and establish multi-agency coordination mechanisms to share intelligence and information between AML and environmental authorities to follow the money trail.