The US treasury department and SA’s National Treasury on Wednesday agreed to form a task force to combat illicit finance linked to the illegal wildlife trade, US treasury secretary Janet Yellen said.
Speaking at the Dinokeng Game Reserve outside Pretoria, Yellen told SA officials the new task force aims to boost information sharing between the two countries’ financial intelligence units and to strengthen controls to combat money laundering and terrorist financing.
The move comes amid SA media reports that the Paris-based Financial Action Task Force , which sets standards on combating money laundering and wildlife trafficking, could add SA to its grey list when it meets in February 2023.
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