US, SA agree to 'follow the money' in wildlife trafficking: Yellen - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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The United States (US) Treasury Department and South Africa’s National Treasury on Wednesday agreed to form a task force to “follow the money” and step up efforts to halt illegal trade in wildlife, US Treasury Secretary Janet Yellen said.

A vulture sits on a tree as the sun rises at the iconic Kruger National Park, in Skukuza, Mpumalanga Province, South Africa, February 10, 2022A vulture sits on a tree as the sun rises at the iconic Kruger National Park, in Skukuza, Mpumalanga Province, South Africa, February 10, 2022

Most wildlife poached and trafficked worldwide is destined for China for use in traditional medicines, a US official said. Such trafficking declined sharply during the height of the COVID-19 pandemic, but began rising again last year. Grey-listed countries are subject to greater monitoring by the FATF on concern that they are at higher risk for money laundering and terrorist financing.

Yellen said the US Treasury already worked alongside South Africa with FATF to identify indicators associated with money laundering and wildlife trafficking, but “much more” could be done to crack down on the illegal money flows associated.

 

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Tell that nonsense that South Africa is not aprovince of US she must stay away in African matters we will fix our own matters we don't need US supervisor we are not NATO country she must futseg

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