London, 12 September 2019 - Illegal wildlife trafficking is estimated to be the fourth largest criminal enterprise, generating billions of dollars in revenues every year. The illegal trade has links to modern slavery, narcotics and arms trade while causing catastrophic damage to endangered animal species.
FATF President Xiangmin Liu, Vice-President Marcus Pleyer and Executive Secretary David Lewis met with The Duke of Cambridge and Lord William Hague at Kensington Palace to discuss the United for Wildlife Financial Taskforce, spearheaded by The Duke of Cambridge and The Royal Foundation.
They discussed how to build on this initiative by focusing the governments of the 205 FATF and FATF-Style Regional Bodies' member jurisdictions on tackling illegal wildlife trafficking by following the money. The FATF will discuss this opportunity at its Plenary meeting in October 2019.