The illegal wildlife trade is now the fourth-largest criminal industry after drugs, weapons and human trafficking. It is worth about $20 billion (R294 billion) a year worldwide.
The illegal wildlife trade is now the fourth-largest criminal industry after drugs, weapons and human trafficking. It is worth about $20 billion a year worldwide.
Gerald Byleveld, Investec’s head of financial crime compliance, told City Press that, historically, members of poaching syndicates were not prosecuted for money laundering because investigators were daunted by analysing financial statements, so they mostly focused on the dead animals.Subscribe to News24 for just R75 per month to read all our investigative and in-depth journalism. You can cancel any time.
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