Illegal wildlife trade’s ‘dirty money’ targeted by big banks
A broad alliance of 30 global banks and financial institutions have pledged to stop wildlife trafficking by pressuring the pocketbooks of criminal syndicates. Tracking the flow of “dirty money” and tackling corruption emerged as the missing elements in reducing the soaring illegal wildlife trade at a major conference last week in London. A briefing note published this year by the Oxford Martin Programme on the Illegal Wildlife Trade points to how combating efforts could be improved. Specifically, it notes that fish, timber and plants are all trafficked in much greater volumes than higher-profile species such as elephants or rhinos. It warns of an “over-emphasis on militarised and enforcement-first approaches [that] risks eroding trust between local people and conservation staff.” One of the program’s researchers, Diogo Verissimo, said it was simpler for governments to demonstrate action by putting money into law enforcement.
Published: Nov 2018 | Categories: Media Coverage
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