Police, banks set to follow poachers’ illicit cash trail

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South Africa's Rhino poaching statistics declined in 2020 but the International Fund for Animal Welfare says the Kruger National Park remains a concern as 62% of rhinos (245 rhinos) poached were killed in the KNP.
South Africa's Rhino poaching statistics declined in 2020 but the International Fund for Animal Welfare says the Kruger National Park remains a concern as 62% of rhinos (245 rhinos) poached were killed in the KNP.

NEWS

The illegal wildlife trade is now the fourth-largest criminal industry after drugs, weapons and human trafficking. It is worth about $20 billion (R294 billion) a year worldwide.

Gerald Byleveld, Investec’s head of financial crime compliance, told City Press that, historically, members of poaching syndicates were not prosecuted for money laundering because investigators were daunted by analysing financial statements, so they mostly focused on the dead animals.

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