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Illegal Fishing and Logging Racket Uncovered in Fiji
A shocking report has revealed that illegal fishing and logging activities are raking in significant profits in Fiji, with proceeds estimated to be between FJ$500,000 to FJ$5 million annually.
The Severity of the Crimes
The report by the Financial Intelligence Unit (FIU) highlights the severity of these crimes, which have been linked to money laundering. The FIU has called on law enforcement agencies and financial institutions to take action to combat this issue.
Logging Activities
According to the report, between 70-80% of revenue earned from logging is not being given to resource owners or the government, indicating a significant loss of revenue.
Government Response
The Ministry of Forestry has launched an appeal for the public to report illegal logging activities, with Permanent Secretary Pene Baleinabuli warning that businesses are engaging in these activities without keeping records. The FIU estimates that proceeds from piracy and counterfeiting of products are relatively small, ranging between FJ$100,000 to FJ$500,000 annually.
Financial Institutions’ Role
The report also highlights the need for financial institutions to be vigilant in monitoring transactions and business relationships for possible money laundering activities.
Government Moves to Tackle Illegal Activities
In response to these findings, the government is introducing measures to combat illegal logging and fishing. The Ministry of Forestry has launched a public awareness campaign to report illegal logging activities, while law enforcement agencies are increasing their efforts to investigate and prosecute these crimes.
Cooperation and Vigilance
The FIU’s report also emphasizes the importance of cooperation between financial institutions, government agencies, and law enforcement to effectively combat money laundering and related crimes.
What Can You Do to Help?
As a concerned citizen, you can play a crucial role in helping to combat illegal activities in Fiji. Here are some simple steps you can take:
- Report any suspicious activity or illegal logging to the Ministry of Forestry
- Monitor your transactions and business relationships for possible money laundering activities
- Support local businesses that operate legally and transparently
By working together, we can help to create a safer and more prosperous Fiji for all.