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In 2020, a bank in Singapore found that one of its customers had paid $130,000 to a South African supplier for 11 cheetahs. Though the animals were transported directly from the source country to the destination country and never transited through Singapore, the money passed through the customer’s bank account here. The bank, which was not named by the authorities, filed a suspicious transaction report (STR) and terminated the customer relationship.

Poachers in Africa are encroaching on wildlife and killing rhinos in travel hotspots now devoid of visitors due to the coronavirus pandemic. Tourism revenue for some of Africa’s wildlife reserves and national parks has declined sharply as a result of the coronavirus crisis.

Since 2014, Namibia has seen a surge in wildlife poaching as a result of increasing international demand and depleting wildlife populations in other areas of the world. This has led to the loss of high-value species (such as elephants, rhinos, and pangolins) and concern about ecosystem impacts and associated economic losses. For instance, Namibia has become a key country for illegally sourced rhino horn, with a total of 416 rhino poached between 2013 and 2019, compared to only 13 rhinos poached between 2005 and 2013 (MEFT; 2020b, Milliken, 2014).