Following the Money Trail of the Illicit Wildlife Trade

Events

Following the Money Trail of the Illicit Wildlife Trade

21 June 2022

| 3:00 p.m.–4:00 p.m. HK / SGT | Virtual

Free webinar jointly organized by the Trade and Supply Chain Finance Program (TSCFP) of the Asian Development Bank (ADB) with the World Customs Organizations (Regional Office for Capacity Building for Asia and the Pacific and the Regional Intelligence Liaison Office), Wildlife Justice Commission (WJC) and WWF.

  • Illegal Wildlife Trade (IWT) not only has a devastating impact on wildlife, it is also a significant cross-border criminal enterprise with financial crime at its heart.  It leaves a vast financial footprint. But through collaboration, we can stop it. The webinar will discuss how financial institutions can identify and mitigate transactions linked to the financial flows that underpin IWT.  We will also showcase the IWT Financial Flows Toolkit, a new free-to-access resource that will support financial institutions in understanding, identifying, and mitigating their exposure to the financial flows associated with IWT.

 

 

  • Containerised shipping is a vital part of the global economy, but traffickers misuse these legitimate transport services and supply chains to move poached wildlife, timber and other contraband internationally. Maritime transport is the preferred method to smuggle large, non-perishable illegal wildlife products such as ivory, pangolin scales, and timber. In 2019 alone, over 90 tonnes of pangolin scales and 15 tonnes of elephant ivory were seized from containerised cargo transported between Africa and Asia. According to the UNODC, less than 2% of the 800 million 20ft TEUs containers can be efficiently inspected. It is estimated that by volume, 72–90% of wildlife products are trafficked by sea. This makes combatting illegal wildlife trade in the maritime sector a challenge.

 

 

  • WWF and TRAFFIC launched the ‘The Red Flag Compendium for Wildlife and Timber Trafficking in Containerised Cargo’ which details the warning signs of corruption, smuggling, other related crimes and outlines red flags and additional tools to identify prolifically trafficked CITES-listed species, including big cats, specific marine life, large mammal species such as rhino, elephant, and timber. This compendium includes information on at-risk routes as well as typical indicators of illicit activities such as questionable paperwork and discrepancies in information like value, weight, and appearance. Irregular behaviour, such as consignments split across multiple shipments, last-minute requests for shipment clearance and abnormal or sudden changes in routes or destinations may be signs of illegal action. By highlighting the potential risks in this compendium, shipping companies can implement greater safeguarding measures to protect their employees, business and nature. This information is critical to protecting the integrity of maritime supply chains from operational, economic, security and zoonotic health risks

 

The webinar is aimed at compliance and regulatory experts of participating banks of the Trade and Supply Chain Finance Program (TSCFP) of the Asian Development Bank, national customs administrations of the WCO in Asia Pacific, and representatives from the maritime industry.

 

The webinar is a follow-up to the joint ADB-WWF “Following the Money Trails of the Illicit Wildlife Trade”, an  introductory seminar on Anti-Money Laundering and Trade-based Money Laundering Investigations Techniques to Address Illegal Financial Flows Associated with Wildlife Trafficking (5 Aug 2021)

Program and Learning Materials: 
Date Session / Activity Presentation Material Speaker(s)
21 Jun 2022 Opening Session Introduction and Scene-Setting Roberto Leva
21 Jun 2022 Opening Session Welcome Remarks Qingfeng Zhang
Norizaku Kuramoto
Cheon-Jeong Park
21 Jun 2022 Following the Money Trail of the Illicit Wildlife Trade Discussion: IWT Financial Flows Toolkit Presenter Chinali Patel
Dickon Johnstone
Henry Williams
21 Jun 2022 Following the Money Trail of the Illicit Wildlife Trade Presentation Major IWT Case Studies in East and Southeast Asia
This presentation discussed case studies of illicit wildlife trades inEast and Southeast Asia.
Stephen Carmody
21 Jun 2022 Following the Money Trail of the Illicit Wildlife Trade The Red Flag Compendium for Wildlife and Timber Trafficking in Containerised Cargo
This presentation gave an overview of the"The Red Flag Compendium for Wildlife and Timber Trafficking in Containerised Cargo"
Nelly Akhmedzhanova
21 Jun 2022 Following the Money Trail of the Illicit Wildlife Trade Guidelines for the prevention and suppression of wildlife smuggling in international shipping
21 Jun 2022 Following the Money Trail of the Illicit Wildlife Trade Customs Role in Fighting Illegal Wildlife Trade
This presentation gave an overview of the role of the World Customs Organization in fighting against wildlife trafficking.
Chunwan Shi
21 Jun 2022 Following the Money Trail of the Illicit Wildlife Trade Q & A and Open Discussion Roberto Leva

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The views expressed on this website are those of the authors and do not necessarily reflect the views and policies of the Asian Development Bank (ADB) or its Board of Governors or the governments they represent. ADB does not guarantee the accuracy of the data included in this publication and accepts no responsibility for any consequence of their use. By making any designation of or reference to a particular territory or geographic area, or by using the term “country” in this document, ADB does not intend to make any judgments as to the legal or other status of any territory or area.