South Africa is home to some of the world’s most spectacular species and their natural habitats. Unfortunately, this also means that the country is a hub for the illegal wildlife trade(IWT). United for Wildlife has helped South Africa respond to the illegal wildlife trade as a financial crime, allowing for greater investigation and prosecution and overall awareness in the financial sector.
The South African Anti Money-Laundering Integrated Task Force (SAMLIT) was created in December 2019 as a public-private partnership between institutions from the banking sector and regulatory agencies. Its members include banks and the country’s treasury, Financial Intelligence Centre, and Directorate for Priority Crime Investigation.
“It takes a network to catch a network, and we have learnt that by joining forces and communicating through legal frameworks, we can be much more effective than by operating in silos.”
– Gerald Byleveld, Investec’s Head of Financial Crimes Compliance, and Head of SAMLIT’s IWT working group.