Consider following statements ldquo Money Laundering and the Illegal Wildlife Trade rdquo repor...........

Environment and Ecology Wildlife

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Consider following statements “Money Laundering and the Illegal Wildlife Trade” report

It is the first ever global report on the Illegal Wildlife Trade (IWT) released by Wildlife Crime Control Bureau (WCCB).
It describe IWT as a “global threat”, which also has links with other organised crimes and generates revenues of up to $23 billion(billion) a year.

Select the correct statement.

1 only

2 only

Both

None

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Explanation:

Recently, the Financial Action Task Force (FATF) released its first global report on the illegal wildlife trade titled the “Money Laundering and the Illegal Wildlife Trade” report. Hence statement 1st is incorrect.

This report comes amid increasing international concern that the crime could lead to more zoonotic diseases in the future.

Key findings

Illegal wildlife trade is a “global threat”, which also has links with other organised crimes such as modern slavery, drug trafficking and arms trade.
The illegal trade is estimated to generate revenues of up to $23 billion a year.