NGO: Chinese Banks Must Stop Laundering Wildlife Traffickers’ Money
DAVID KLEIN, 22 April 2021
Activists fighting against the illegal trade in endangered species of both plants and animals have called on Chinese banks to prevent illegal wildlife traffickers from exploiting their networks to launder money. Otherwise those banks will risk greater scrutiny and pressure from foreign governments.
TRAFFIC, a non-governmental organisation focusing on the global trade in wild animals and plants, released a report this month which found that the illegal wildlife trade generates between US$7 billion and $23 billion each year – as much as the illegal trafficking of narcotics, arms, and humans generate – and this cannot occur without financial crime and corruption. Continue reading “Article: NGO: Chinese Banks Must Stop Laundering Wildlife Traffickers’ Money”