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Tech, crypto firms to help tackle illegal wildlife trade

Tech, crypto firms to help tackle illegal wildlife trade

- A group of leading international technology, crypto and other businesses on Monday announced plans to help stamp out the illegal trade in wildlife.

  • Announcement made as part of a business forum convened by Prince William and The Royal Foundation’s United for Wildlife during London Climate Action Week.

  • Companies including Google GOOGL.O, Meta META.O, TikTok and Alibaba 9988.HK commit to end trafficking on their platforms. To look for ways to eradicate online listings, including through AI-enabled detection and prevention.

  • Represent a fifth of the global e-commerce market and 90% of the world’s social media users.

  • Vodafone VOD.L, Vodacom VODJ.J, Safaricom SCOM.NR to use AI in anti-money-laundering and transaction monitoring systems across mobile money platform M-Pesa.

  • Crypto, blockchain analytics firms and payment companies including PayPal PYPL.O, TRM Labs, Chainalysis and Luno commit to disrupt financial flows linked to the illegal wildlife trade.

  • British Airways ICAG.L and Heathrow to launch a public awareness campaign about the trade.

  • A United Nations Environment Programme report says trade in wildlife products generates as much as $23 billion annually. Estimated 1 million plant and animal species are threatened with extinction.

  • David Fein, co-chair of United for Wildlife: "What we see from the private sector today is a recognition that the illegal wildlife trade is both an environmental and a business issue."


(Reporting by Simon Jessop; Editing by Kirsten Donovan)

((simon.jessop@thomsonreuters.com; +44 (0) 207 542 5052; Reuters Messaging: Reuters Messaging: simon.jessop.thomsonreuters.com@reuters.net))

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