Home Opinion Special Reports “Dirty Money” in Illegal Logging Can be Tracked and Confiscated-World Bank Report

“Dirty Money” in Illegal Logging Can be Tracked and Confiscated-World Bank Report


Hohoe, March 21, GNA – Every two seconds, an area of forest the size of a football field is cut by illegal loggers around the globe.
A new World Bank report released on Wednesday shows how countries can effectively fight illegal logging through the criminal justice system, punish organised crime, and trace and confiscate illegal logging profits.
The report, “Justice for Forests: Improving Criminal Justice Efforts to Combat Illegal Logging,” says that to be effective, law enforcement needs to look past low-level criminals and look at where the profits from illegal logging go.
By following the money trail, and using tools developed in more than 170 countries to go after “dirty money,” criminal justice can pursue criminal organizations engaged in large-scale illegal logging and confiscate ill-gotten gains.
The World Bank estimates that illegal logging in some countries accounts for as much as 90 per cent of all logging and generates approximately US$10–15 billion annually in criminal proceeds.
Mostly controlled by organised crime, this money is untaxed and is used to pay corrupt government officials at all levels.
The new report provides policy and operational recommendations for policy makers and forestry and law enforcement actors to integrate illegal logging into criminal justice strategies, foster international and domestic cooperation among policy makers, law enforcement authorities and other key stakeholders, and make better use of financial intelligence.

Send your news stories to newsghana101@gmail.com Follow News Ghana on Google News



Please enter your comment!
Please enter your name here

error: Content is protected !!
WP Radio
WP Radio
Exit mobile version