Wednesday, February 8, 2023
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HomeNewsBusinessU.S., South Africa agree to ‘follow the money’ in wildlife trafficking, Yellen...

U.S., South Africa agree to ‘follow the money’ in wildlife trafficking, Yellen says

According to US Treasury Secretary Janet Yellen, South Africa and the US will establish a task group to “follow the money” in the illegal wildlife trade.

Yellen made the news while on a visit to the nation, which is abundant in wildlife but has been particularly hard struck by rhino poaching.

As she toured a game reserve north of Pretoria, Yellen declared, “We must ‘follow the money’ in the same way we do with other significant crimes’ if we are to prevent further poaching of wildlife populations and stop the related illicit trade.

The earnings from the illegal wildlife trade must be located and seized, among other things.

In order to better serve law enforcement agencies in the two nations, the task force will contribute to improving information exchange between financial intelligence units.

The demand from Asia, where rhino horns are allegedly utilised for curative purposes in traditional medicine, however, makes it a hotspot for rhino poaching.

Over the past 15 years, the rhino population in Kruger National Park has drastically decreased.

Elephants, pangolins, and abalones have all been the victims of poaching.

On the third leg of a continental tour to forge a new “mutually advantageous” economic strategy with Africa, where nations are being actively courted by Russia and China, Yellen arrived in South Africa.

Her journey to the most developed country in Africa followed the Russian Foreign Minister Sergei Lavrov’s tour, who was in Pretoria earlier this week.

Patrick Huston
Patrick Huston
As a senior editor, Patrick is a professional who is in charge of putting out business news. As a senior editor, Patrick is likely to be in charge of the duties of junior editors and writers, make sure the content is correct and high-quality, and work with other departments to make sure the business news is published on time. Patrick knows a lot about business and the latest market trends. He uses this knowledge to choose and edit stories that are both interesting and useful to readers. He also works with reporters and analysts to come up with insightful pieces that help readers keep up with the latest business news. Patrick is a very important part of keeping the public informed and interested in important business issues. He is passionate about journalism and strives for excellence.


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