The Egmont Group has released a report on Financial Investigations into Wildlife Crime, highlighting the global nature of the problem. The report calls on FIUs for consideration of this crime in National Risk Assessments, increased scrutiny and higher penalties. FI’s and other entities should consider how their systems and controls could help in the fight against wildlife crime, including training staff to help identify potentially suspicious activity, and amending KYC procedures/transaction monitoring systems where necessary.
Share with: