AML Talk Show brought to you by KYC360.com, with host Stephen Platt

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Illegal wildlife trade (IWT) is estimated to be worth around $20bn per year, making it the 4th largest crime on a global level. Many criminal syndicates perceive it to be a low-risk and highly profitable model, and FATF and United for Wildlife Foundation have highlighted the convergence of IWT with narcotics, human trafficking, arms trade and counter-proliferation, and financial threats. IWT also fuels corruption, has serious environmental and biodiversity costs, as well as potentially significant impacts for public health and national economies. In particular, the recent high profile spread of zoonotic diseases (ie the coronavirus pandemic) underlines the importance of ensuring that wildlife is traded in a legal, safe and regulated manner, and that countries remove the profitability of illegal markets.

We're delighted to be welcoming Chinali Patel, Consul International Illicit Finance at the British Consulate General, Hong Kong, and Brian Gonzales, Head of Protection of Endangered Species, WWF-HK. Hong Kong is itself a major hub for wildlife trafficking, and Chinali and Brian will be talking more about this global threat - including the work they're doing with United for Wildlife Foundation Financial Taskforce, ACAMS, NGOs, transport and the private sector in Hong Kong to tackle the money flows arising from illegal wildlife trade.

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Jack, who is joining the AML Talk Show for a second time, is a Washington lawyer who is an expert on white-collar financial crime and international tax evasion. He served for many years as a U.S. Senate staff attorney, where he was involved in numerous well-known investigations, including those of Lockheed Aircraft and the Bank of Credit and Commerce International (BCCI). He has helped several banks build their anti-money laundering systems. Jack is now a senior advisor to the Tax Justice Network and has worked as a consultant and expert witness for the US Internal Revenue Service. He has represented numerous whistle-blowers and once said of Lichtenstein "if the family business of the absolute monarch of this place is assisting tax evasion, a felony in the US, the place is a criminal enterprise, not a country."

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Hosted on Acast. See acast.com/privacy for more information.

Hosted on Acast. See acast.com/privacy for more information.