By Kwanta Douglas –
Kenya has launched a financial flows toolkit to help track, share information and seize money involved in illegal wildlife trade.
Illegal wildlife trade (IWT) is the fourth largest organised crime after drugs, people and counterfeiting, costing $23billion annually.
“The new tool will support financial institutions including our Central bank, and other commercial banks, and Safaricom in tackling illicit money flows associated with illegal wildlife,” said Najib Balala, Kenya’s Cabinet Secretary for Tourism.
He spoke last Thursday at the Kenya Wildlife Service headquarters in Nairobi where the launch took place.
“We are committed to combating illegal wildlife trade and particularly saving endangered species. Today, the Pangolin is the most illegally trafficked mammal in the world. We’re therefore grateful to all convening partners coming together with the Ministry of Tourism and Wildlife in launching this toolkit that will contribute to the safeguarding of our flora and fauna for the benefit of future generations,” he added.
UK Minister for Environment, Lord Goldsmith, said, “We welcome Kenya’s continued efforts in prioritising tackling the illegal wildlife trade. This toolkit we’re launching today is an important part of our wider partnership on tackling illicit finance – and a brilliant example of British and Kenyan expertise coming together.
“It will help financial institutions identify and report suspicious transactions making it difficult for criminal networks to profit off the illegal wildlife trade.”
The toolkit builds on the landmark UK-UAE Partnership agreement to tackle illicit financial flows, formed in September 2021.
The launch took place simultaneously with similar ones in the United Kingdom and United Arab Emirates, to mark the UN World Wildlife Day celebrated on March 3.