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U.S. Treasury Secretary Janet Yellen used a tour of South Africa’s Dinokeng Wildlife Sanctuary on Wednesday to announce a joint initiative to combat wildlife trafficking and related criminal activity in the U.S. and South Africa. .
“First, we will increase information sharing between financial intelligence departments to better support South Africa and the United States’ major law enforcement agencies. Prioritize the sharing of financial red flags and indicators that
“We will convene relevant government authorities, regulators, law enforcement agencies and the private sector to improve controls to combat money laundering and illicit proceeds related to drug trafficking and wildlife trafficking.” she added.
Yellen’s announcement of a joint wildlife trafficking task force in reserves home to lions, leopards, elephants and the endangered black rhino could help a major South African industry. It has numerous game parks and a thriving wildlife tourism industry, but suffers from poaching and illegal animal trade.
The White House’s Africa Strategy also outlines concerns over China’s involvement in sub-Saharan Africa. China is currently South Africa’s largest trading partner.
Yellen began her 10-day journey in Senegal, via Zambia, and into South Africa.
On Thursday, she will meet with South Africa’s finance minister, followed by business leaders and the governor of the country’s central bank.
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