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Yellen tours nature reserve to begin visit to South Africa

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HAMMANSKRAAL, South Africa (AP) — U.S. Treasury Secretary Janet Yellen used a tour of a wildlife park in South Africa on Wednesday to announce a joint initiative to curb wildlife trafficking and related criminal activity in both countries. to fight.

Yellen said during a visit to the Dinokeng Game Reserve that the United States and South Africa would form a task force to focus on financing the wildlife trade. She said there would also be more information sharing between US and South African financial intelligence units.

The task force would “follow the money” in the same way other investigative authorities pursue evidence of serious crimes, Yellen said, and the “shared commitment” would likely help US efforts to fight high-level money laundering and corruption.

“Wildlife traffickers, corrupt officials and other criminals rely on many of the same vulnerabilities in money laundering regulatory regimes, so our efforts to combat wildlife trafficking reinforce our efforts to combat corruption and vice versa,” said Yellen in the game reserve in the north of Pretoria, the capital of South Africa.