THE FAILURE TO ADDRESS THE ILLICIT FINANCE IN ILLEGAL, UNREPORTED AND UNREGULATED (IUU) FISHING IS A GLARING OMISSION

A Commentary from RUSI on 16 November says that resources, profile and personalities are committed to combatting the illegal wildlife trade (IWT) and other forms of environmental crime, to date, no coordinated global effort has been made to identify and disrupt the finance linked with IUU fishing.  It points out that, in 2021, FATF expanded its focus from merely IWT to include money laundering risks from illegal logging, illegal mining and waste trafficking, but mysteriously ignored IUU fishing. 

https://rusi.org/explore-our-research/publications/commentary/swimming-dirty-money-its-time-dive-below-surface

https://www.buymeacoffee.com/KoIvM842y

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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