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Illegal wildlife profits are soaring despite global efforts to crack down

The Financial Action Task Force reported that the illegal wildlife trade launders up to US$23 billion in profits a year.

A U.S. Fish and Wildlife Service "buyer beware" exhibit at Newark Liberty International Airport
A U.S. Fish and Wildlife Service "buyer beware" exhibit at Newark Liberty International Airport (AN/J. Heilprin)

The Paris-based Financial Action Task Force reported that the illegal wildlife trade is a major transnational organized crime that is laundering as much as US$7 billion to US$23 billion in global profits each year.

In Europe, juvenile glass eels can be worth up to US$6,000 per kilo, according to FATF, an intergovernmental organization that sets global standards in the fight against money laundering, terrorism financing and proliferation. Pangolin scales can earn hunters US$700 per kilogram, it said, while rhinoceros horn can fetch up to US$65,000 per kilogram.

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