The Financial Transactions and Reports Analysis Centre of Canada (Fintrac) has published a new operational alert, Laundering the Proceeds of Crime from Illegal Wildlife Trade. It aims to assist Canadian businesses meet legal requirements to identify and report financial transactions… Read More ›

illegal wildlife trade
IACC panel discusses role of financial institutions in alliance against environmental crimes
TRAFFIC, a non-governmental organisation working globally on trade in wild animals and plants, has hosted its first panel at the International Anti-corruption Conference (IACC) to highlight the need for an alliance against environmental crimes. The panel of counter-corruption and financial… Read More ›
TBML and IWT amongst four money laundering typologies drawing more attention
An analysis by consultants at Forensic Risk Alliance (FRA) of anti-money laundering (AML) trends and challenges has identified trade-based money laundering (TBML) and the illegal wildlife trade (IWT) as two of the four money laundering typologies that have recently received… Read More ›
Financial crime trends guidance issued by accountants
The International Federation of Accountants (IFAC) and the Institute of Chartered Accountants in England and Wales (ICAEW) have produced an instalment on financial crime trends for their Anti-Money Laundering: The Basics educational series. It looks at the trends in criminal activity that underpin… Read More ›
IWT Financial Flows Toolkit launched to support financial institutions
A toolkit aimed at supporting financial institutions in addressing and reporting suspicious transactions relating to the illegal wildlife trade (IWT) has been launched. Developed by the UK Serious Organised Crime Network in collaboration with the UAE government, WWF, TRAFFIC and… Read More ›
TBML in top five blogs for fraud and financial crime professionals
Trade-based money laundering (TBML) was one of the five most popular subjects amongst fraud and financial crime professionals in 2021 on blogs managed by FICO, the California-based company best known for its measure of US consumer risk, the FICO score…. Read More ›
Financial institutions’ critical role in combatting wildlife trafficking outlined in new FinCEN report
The US treasury department’s Financial Crimes Enforcement Network (FinCEN) has released a Financial Threat Analysis on wildlife trafficking threat patterns and trend information identified in Bank Secrecy Act (BSA) data. The report aims to further inform efforts to combat wildlife… Read More ›
Financial flows associated with illegal wildlife trade in South Africa uncovered
Co-mingling illegally obtained wildlife product with other commodities such as sugar, maize or fuel is one of several ways criminals are disguising their activities in the illegal wildlife trade (IWT) in South Africa according to a new report. Financial Flows… Read More ›