FIACIA TRAT AASIS

IFINANCIAL THREAT ANALYSIS1 Illicit Finance Threat Involving Wildlife Trafficking and Related Trends in Bank Secrecy Act DataThis report focuses on wildlife trafficking threat patterns and trend information identified in Bank Secrecy Act (BSA) data filed between January 2018 and October The Financial Crimes Enforcement Network (FinCEN) issued national priorities for anti-money laundering and countering the financing of terrorism policy on June 30, 2021, which included corruption and transnational criminal organization activity as government-wide priorities, and highlighted wildlife trafficking as a transnational criminal organization-related concern. The information contained in this report is intended to provide to the public, including a wide range of businesses and industries, threat pattern and trend information regarding wildlife trafficking. The report also highlights the value of BSA information filed by regulated financial institutions. Executive Summary: This report seeks to highlight and further inform efforts to combat wildlife trafficking and the associated movement of illicit proceeds, which are estimated to be between $7 and $23 billion per year , or approximately one quarter of the amount generated from the legal wildlife FinCEN is calling attention to this threat3 because of: (1) its strong association with corruption and transnational criminal organizations (TCOs), two of FinCEN s national anti-money laundering

Thornberry National Defense Authorization Act for Fiscal Year 2021, Pub. L. 116-283 (2021). 2. The Financial Action Task Force (FATF), Money Laundering and …

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