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Financial Taskforce

Illegal wildlife trade is transnational organised crime with a significant financial element.

Every day, money changes hands worldwide for every illegal wildlife product sold. The illegal wildlife trade is organised crime on a global scale, estimated to be worth up to $20 billion annually, with links to money laundering, violence and corruption.

Traffickers are brazenly exploiting global financial systems to move the proceeds of their crimes, often remaining under the radar of investigation and law enforcement. Financial institutions can, therefore, play a crucial role in disrupting these criminal activities and ending the illegal wildlife trade, using existing systems to detect money laundering and proceeds of illegal goods.

That is why Prince William founded the bank-led United for Wildlife Financial Taskforce with the support of Lord Hague of Richmond. The Financial Taskforce, convened in 2018, with 30 founding financial institutions signing up to a set of commitments, known as the Mansion House Declaration.

The Declaration lays out six commitments, including the dedication to share resources and intelligence with law enforcement, and provide training to staff to better identify suspicious activity in a bid to disrupt the illegal income generated by wildlife trafficking. This growing network is supported by technical experts including RUSI and TRAFFIC, along with a Secretariat. At the heart of the Taskforce is an information-sharing system, which helps its members identify and implement specific actions that the financial sector can take on this issue.

Read the Mansion House Declaration in full here.

Our Global Reach

Click on a region to explore our global impact

South Africa

Southern Africa is home to some of the world’s most iconic species, including rhinos and elephants, making it one of the largest source regions for the illegal wildlife trade (IWT.) Nevertheless, our Southern African Chapter, launched in 2020, is rising to the challenge. Local members of the Financial Taskforce, along with the South African Anti-Money Laundering Integrated Task Force (SAMLIT), are proactive at stopping and investigating wildlife crime detectable in financial systems. The Chapter also works with the regional transport sector through schemes like Project Vikela, an enhanced technology programme, which scans images in order to accurately detect rhino horns in baggage and cargo. Thanks to the Southern Africa Chapter’s hard work, multiple shipments of rhino horn were detected and stopped in December 2021.

East Africa

East Africa is a key source region for the illegal wildlife trade (IWT), meaning it experiences some of the highest levels of illegal poaching and trafficking globally. United for Wildlife launched a Regional Chapter here in 2020. This Chapter successfully engages both financial intelligence units and major regional players in the transport sector. It works with organisations including Kenya Airlines and other carriers to halt the movement of illegal wildlife products and aims to form relationships with local shipping and maritime ports. It also combats financial crimes associated with IWT, providing vital information to law enforcement agencies and other authorities. Consequently, several key arrests have been made in the region leading to the Eastern and Southern Africa Anti-Money Laundering Group (ESAAMLG) committing to working closely with us and our local partners.

Middle East & North Africa

The Middle East & North Africa (MENA) region is particularly attractive to traffickers due to its multiple transport hubs and the existence of a large financial sector. Launched in February 2022 by Prince William, this Regional Chapter has moved at pace to establish a network to share information and resources, strengthen existing partnerships and better respond to support local priorities. Since launch, the Chapter has received new signatories from the financial services and transport sector, including Dubai Airport.

Southeast Asia

Established in 2021, United for Wildlife’s Southeast Asia Chapter has had to address multiple threats as the region is both a source market and a consumer market as well as a transport hub for the illegal wildlife trade (IWT). The Chapter has gone from strength to strength, growing its membership and engaging crucial transport and financial sector partners. In July 2022, key players in the private sector attended a presentation by The Association of Banks in Singapore which, for the first time ever, showcased the need to address environmental crimes. Thanks to the work of our Southeast Asia Chapter, attitudes towards the illegal wildlife trade are changing.

Hong Kong

Hong Kong is a key consumer market for IWT and the gateway to many other surrounding regions due to its outstanding connections and infrastructure. Our chapter in Hong Kong was launched in 2020 to crack down on the transport of illegal wildlife products. Through its strong steering committee and many working groups, the Hong Kong Chapter is helping to make real change. In August 2021, a new Act was passed which ensures that IWT is included as an Organised and Serious Crimes Ordinance (OSCO) and in July 2022, the law on wildlife crime was intensified leading to greater penalties for those who are convicted; both are major victories for the region.

Europe

United for Wildlife was founded by Prince William and The Royal Foundation to end the illegal wildlife trade for good. In 2016, after 12 months of meetings in London, Geneva and Dubai, members of the United for Wildlife Transport Taskforce signed up to the Buckingham Palace Declaration – a landmark series of commitments to strengthen their networks against the illegal wildlife trade. This was soon followed by the Mansion House Declaration, which brought together financial institutions from across the globe to work collaboratively to share expertise and resource. This network of public and private organisations, originally convened in London, extends across the globe, building an international alliance against the illegal wildlife trade. Regional chapters have been established across Africa, Asia and Australia, the Middle East and North Africa with more planned, including in Europe.

North America

U.S. multinational businesses – especially in the financial and transport sectors – and law enforcement agencies play a vital role in the prevention of the global trafficking of wildlife products and the disruption of the criminal networks that result from it. The launch of the North America Chapter was a significant moment in United for Wildlife’s fight against the illegal wildlife trade (IWT). UfW’s North American partners will provide the network with significant additional resources to ensure that the fight against the IWT starts, rather than ends, with the arrest of the poacher on the ground.

South America

The illegal wildlife trade (IWT) plays a central role in the senseless destruction of our flora and fauna. Over 7,000 species of wild animals and plants are currently being traded illegally around the world, with up to 100 million plants and animals trafficked annually. With South America and the Caribbean home to over 50% of the world’s biodiversity, it is unsurprising that the region is highly desirable to those involved in IWT. In April 2022, as delegates from across the world came together for the Americas’ IWT Conference in Cartagena, Colombia to foster further international cooperation for the prevention and control of IWT, Colombia took the unprecedented step of becoming the first country to sign up to United for Wildlife’s Buckingham Palace Declaration. A number of transport companies and financial organisations from the region have also joined our Taskforces as the issue gains important recognition in the region.

Our Impact

 

United for Wildlife has contributed to

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