Financial Transparency Coalition

Illegal fishing is a crime. When crime crosses borders, so must law enforcement. Gunnar Stølsvik, head of the Norwegian national advisory group against organized IUU-fishing, argues that the UN Convention against transnational organized crime (UNTOC) provides a tool that facilitates criminal investigations on illegal fishing. Some estimates suggest that illegal fishing causes annual financial losses of up to USD 23.5 billion globally. It results in a major loss of revenue and the effects on coastal states, and developing countries in particular, can be seen throughout the world. Illegal fishing (or illegal, unreported and unregulated fishing, often referred to as IUU fishing)...