MONEY LAUNDERING AND THE ILLEGAL WILDLIFE TRADE

On 28th May, the Asean Post published an article saying that, while it has all the hallmarks of transnational organised crime, the illegal wildlife trade continues to be viewed as being outside ‘mainstream crime’.  However, it says that the illegal wildlife trade generates an estimated $20 billion annually and is the fourth most profitable criminal trafficking enterprise behind drugs, arms and human trafficking according to UNOD, though cutting edge investigative techniques often employed in tackling other criminal investigations are rarely employed when it comes to the illegal wildlife trade.  Its cites the case of one of the region’s most notorious wildlife smugglers, Kampanart Chaiyamart, after being caught in December 2017, the Thai Anti-Money Laundering Office (AMLO) found that he had laundered $35 million in 2014, and that between 2011 and 2014 using as many as 28 separate accounts and connections in Thailand, Vietnam, Lao and Malaysia to move money through numerous cash transactions.

https://theaseanpost.com/article/money-laundering-and-illegal-wildlife-trade

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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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