On 29 June, a Commentary from RUSI says that FATF has made a welcome effort to engage with and promote the importance of financial investigation as a tool to combat the illegal wildlife trade (IWT). It says that FATF leadership ensures that countries around the world can no longer ignore the financial crime dimension of IWT. It says that the FATF report on 25 June highlights the poor understanding of the risks IWT financial flows pose, the weakness of legislative bases to combat IWT as a financial crime and the commitment of insufficient resources to its elimination. Put simply, RUSI says, IWT is a low-risk, high-profit crime to which minimal attention is being paid by those responsible for financial crime in many of those states most affected. The Commentary concludes by saying that awareness has clearly been raised, but the extent to which countries genuinely embrace this cause remains to be seen. The work of FATF is not done. It must take responsibility for ensuring that the focus on the financial investigation of IWT is sustained.
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