The illegal wildlife trade (IWT) is estimated to generate up to $23 billion per annum globally in illicit profits. Remarkably, it is still being treated as a wildlife crime rather than a form of organised crime, ignoring the financial dimension. A financial approach to tackling IWT is urgently needed.
As the threat from Islamic State evolves, security responses must too. Financial intelligence must continue to play a critical role in identifying and disrupting new threats, in investigating foreign terrorist fighters and prosecuting their supporters.
New approaches are needed to address Nigeria’s massive corruption problem. Engaging the banking sector, the key facilitator of the theft of the nation’s wealth in this struggle, should be an urgent priority.
The global fight against money laundering and financial crime continues unabated, albeit in different and often surprising forms and locations, as three disparate recent events have indicated. And cash, in the form of high-denomination bank notes, is being targeted.