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Financial institutions play critical role in identifying the $23BN wildlife trafficking industry, says FinCEN as offences climb further

By AMLi Correspondents

THE US Treasury Department’s FIU has warned that wildlife trafficking threats are on the rise.

FinCEN’s Financial Threat Analysis – based on Bank Secrecy Act (BSA) data which tracks movement of criminal proceeds – estimates wildfire trade as valued at $23 billion annually and comprising 25% of all wildlife trade. 

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