Illegal Wildlife Trade: What Banks Must Do
Author: Erik Stretz, Fico Principal Consultant
The FATF released their report on ‘Money Laundering and the Illegal Wildlife Trade’ a topic that has been sitting on the side-lines for a long time, overshadowed by more prominent criminal ventures, such as drug trafficking. Although the market pales compared to the vast sums moved in the drug space, it’s still the 4
th most lucrative trade. Billions of dollars are made at the cost of our natural environment and the economical longevity of the affected countries and regions.
Now, one might think that IWT is very much a regional issue: Iconic wildlife such as elephants are poached in Africa, and probably in Asia, too, and the proceeds are primarily sold in East Asia, where followers of traditional Chinese medicine advocate various health benefits. However, that is in fact not the case.
Foreign Secretary Admiral Prof. Jayanath Colombage said that Sri Lanka has committed to bring together like-minded persons working on Maritime Safety and Security (MSS) issues to organise a series of workshops/seminars on MSS locally and regionally, looking at how Sri Lanka can benefit from and contribute to regional cooperation on MSS.The Foreign Secretary addressed a networking meeting recently at the Lakshman Kadirgamar Institute taking.
COVID-19 Seen Worsening Overall Trend in Human Trafficking
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Vienna (Austria), 2 February 2021 The share of children among detected trafficking victims has tripled while the share of boys has increased five times in the past 15 years. Girls are mainly trafficked for sexual exploitation, while boys are used for forced labour, according to the Global Report on Trafficking in Persons, launched by the United Nations Office on Drugs and Crime (UNODC) today.
In 2018 about 50,000 human trafficking victims were detected and reported by 148 countries. However, given the hidden nature of this crime, the actual number of victims trafficked is far higher. The Report shows traffickers particularly target the most vulnerable, such as migrants and people without jobs. The COVID-19-induced recession is likely to expose more people to the risk of trafficking.
UN Agency Makes Shocking Discovery on Human-trafficking Scourge
UN Agency Makes Shocking Discovery on Human-trafficking Scourge
Fresh evidence from the United Nations Office on Drugs and Crime (UNODC), is showing the complexity of many human-trafficking-related cases, in which defendants are also victims of the global scourge.
It seems, they have no alternative but to obey an order, and commit a crime, or hoped to limit their own exploitation or escape poverty by playing a role in the crime.
The study has also found that traffickers use women and girls as a shield to protect themselves from being punished for their crimes.
Number of children trafficked tripled in 15 years globally
UNODC’s Global Report 2020 finds Staff Correspondent Staff Correspondent
A total of 2,904 persons were arrested on trafficking in persons charges in Bangladesh between 2017 and 2018, says a new report of the United Nations Office on Drugs and Crime.
The Global Report on Trafficking in Persons 2020, launched on Tuesday, says in the period, nine persons were convicted of trafficking in Bangladesh.
Bangladesh recorded 778 cases of trafficking in persons in 2017, and 561 cases in 2018, says the report s country profile on Bangladesh.
In 2017, Bangladesh Police recorded 155 children, 233 females, and 382 males as victims of trafficking. In 2018, it recorded 80 children, 210 females, and 212 males as victims, it says.