18th Parliamentary Intelligence-Security Forum – Illicit Finance – Illicit Finance
This panelist focused on the global illicit economy, in which money derives from:
- Counterfeit goods
- Drug trafficking
- Illegal logging
- Human trafficking
- Illegal mining
- IUU Fishing
- Illegal Wildlife trade
- Crude Oil Theft
- Weapons trafficking
- Organ trafficking
- Trafficking cultural property
She later discussed what illicit goods go north and which ones go south. Drugs ad people go north-bound, and money and arms go south-bound.
Understanding Threat Financing Flows:
- Source:
- Donors
- Licit Activities
- Criminal Activities
- Methods:
- Trading banking systems
- Informal sectors
- Virtual
- Uses:
- Operations
- Recruiting
- Maintenance of networks
- How to combat:
- Expand role of security forces
- Monitor changes
- Strengthen the presence of government
- Follow money/curb illicit financial flows
- Detecting
- Preventing
- Prosecuting
