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U.S. Treasury Secretary Janet Yellen, during her visit to South Africa, announced a joint initiative between her country and the host to combat wildlife trafficking and related criminal activities
U.S. Treasury Secretary Janet Yellen, during her visit to South Africa, announced a joint initiative between her country and the host to combat wildlife trafficking and related criminal activities. The two countries would share information on financial intelligence by setting up a task force and would prioritize sharing indicators related to wildlife trafficking cases, she added.
The statement of the visiting dignitary has to be seen in the context of increasing incidences of money laundering using the proceeds of illicit trade of drugs and wildlife trafficking. The South African forests are home to lions, leopards, elephants, and critically endangered black rhinos. That can help grow a thriving wildlife tourism industry. But, the country struggles with the effects of poaching and illegal animal trafficking.
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However, analysts explain the real reason for the US involvement in promoting wildlife tourism lies elsewhere. The US is concerned over China’s involvement in sub-Saharan Africa. For a long time, China has been well entrenched in the region’s natural resources market as South Africa’s biggest trade partner. As reported by www.trendsnafrica.com, Yellen is on a 10-day visit to Africa. Before reaching South Africa, she visited Senegal and Zambia. Yellen will meet South Africa’s finance minister, business leaders, and the country’s central bank governor.
