McCarthy and Tsai set to meet in LA

U.S. House Speaker Kevin McCarthy and Taiwanese President Tsai Ing-wen are set to meet at the Ronald Reagan Presidential Library just outside of Los Angeles today, ignoring threats of “countermeasures” from Beijing amid its ongoing protests over Tsai’s visit to America.

After weeks of warnings about such a meeting, China’s navy sent an aircraft carrier group through the Bashi Channel – between Taiwan and the Philippines – and into the Pacific early Wednesday, according to Taiwan’s defense ministry, which called the move irresponsible.

Taiwan later announced it will hold naval drills next week.

McCarthy’s office confirmed to Radio Free Asia on Tuesday that the meeting with Tsai would go ahead and said 17 other lawmakers from both the Republican and Democratic parties would also attend.

The list includes Rep. Mike Gallagher, a Republican from Wisconsin and chairman of the Select Committee on China, Rep. Pete Aguilar of Illinois, the Democratic caucus chair, and Rep. Raja Krishnamoorthi of Illinois, the ranking Democrat on the Select Committee on China.

Taiwan flag
From left to right, a U.S., Taiwan, and California flag fly outside the Westin Hotel, where Taiwan’s President Tsai Ing-wen is staying, in Los Angeles on Tuesday, April 4, 2023. (Associated Press)

Competing protests are expected outside the Reagan library, reprising last week’s shouting matches in New York between supporters of Tsai and pro-Beijing groups who argue she should not be in America. 

Tsai met with a separate bipartisan congressional delegation led by House Minority Leader Hakeem Jeffries, a Democrat from New York, during her visit to New York last week, according to reports

‘Blatant provocation’

China has slammed Tsai’s “transit” through the United States this week and last, labeling the trip a campaign for Taiwan’s independence. Beijing regards the self-governing island as a renegade province and has vowed to “reunite” it with the mainland using force if necessary.

A Chinese diplomat has warned of a “serious, serious, serious confrontation in the U.S.-China relationship” if the meeting happens, but Biden administration officials say it’s McCarthy’s prerogative.

Washington-based PunchBowl News on Tuesday also obtained an email sent from Li Xiang, the Chinese Embassy in Washington’s liaison to Congress, to McCarthy warning of consequences over the meeting.

“I have to point out that China will not sit idly by in the face of a blatant provocation and will most likely take necessary and resolute actions in response to the unwanted situation,” Li wrote. “Former Speaker [Nancy] Pelosi’s visit to Taiwan last year triggered a serious crisis in the China-U.S. relationship, and the lessons should be learned.”

McCarthy said last month he may repeat Pelosi’s trip to Taiwan this year, telling a reporter “China can’t tell me where and when I can go.” 

Virginia Governor Glenn Youngkin – a rising star in the Republican Party and a possible 2024 presidential contender – on Tuesday also announced that he plans to travel to Taiwan later this month.

Edited by Malcolm Foster.

Taiwan’s leader praises US ties: ‘We are not alone’

UPDATED at 4:27 P.M. ET on 2023-04-05

Bucking increasingly bellicose threats from Beijing, Taiwanese President Tsai Ing-wen met with a bipartisan congressional delegation led by House Speaker Kevin McCarthy just outside of Los Angeles on Wednesday, declaring “we are not isolated, and we are not alone.”

Tsai arrived at the Ronald Reagan Presidential Library in the city of Simi Valley just before 10 a.m., with McCarthy greeting the Taiwanese leader outside before ushering her into a closed-door roundtable meeting with 17 other House members from both major parties.

Emerging with McCarthy around midday, Tsai said she was grateful for the time taken by the cross-party lawmakers, which included Democratic House caucus chair Pete Aguilar and Mike Gallagher, a Republican who chairs the House Select Committee on China.

“Their presence and unwavering support reassure the people of Taiwan that we are not isolated, and we are not alone,” Tsai said.

She noted it was fitting to meet in a place dedicated to “a distinguished American president” who issued the 1982 Six Assurances on Taiwan.

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U.S. Speaker of the House Kevin McCarthy speaks with Taiwan President Tsai Ing-wen during a bipartisan meeting at the Ronald Reagan Presidential Library in Simi Valley, Calif., on Wednesday, April 5, 2023. (AFP)

In the years since that communique, Tsai explained, the self-governing island had democratized and “maintained peace and promoted prosperity.” But she suggested that the legacy was now under threat, appearing to make a veiled reference to China’s government.

“It is no secret that today the peace that we have maintained, and the democracy which we have worked hard to build, are facing unprecedented challenges,” she said. “We once again find ourselves in a world where democracy is under threat, and the urgency of keeping the beacon of freedom shining cannot be understated.”

The Taiwanese leader then quoted Reagan from a 1987 speech in which he said: “Freedom is never more than one generation away from extinction.” As she read the words, McCarthy mouthed along.

The free world

Standing beside Tsai, the U.S. House speaker said he believed U.S.-Taiwan relations had tightened due to her latest visit and that “our bond is stronger now than at any time or point in my lifetime.”

“Taiwan is a successful democracy, a thriving economy and a global leader in health and science,” McCarthy said, praising the “shared values” of Taiwan and the United States, as well as their expanding commercial ties and “strong people-to-people relationships.” 

“The friendship between the people of Taiwan and America,” he added, “is a matter of profound importance to the free world.”

Outside the library, competing protests continued between supporters of Tsai and pro-Beijing groups, who argue she should not be in the United States. But as in New York last week, there was no violence.

Beijing has slammed Tsai’s “transit” through America this week and last, labeling the trip a campaign for Taiwan’s independence. It regards the self-governing island as a renegade province and has vowed to “reunite” it with the mainland using force if necessary.

A Chinese diplomat also warned of a “serious, serious, serious confrontation in the U.S.-China relationship” if the meeting happens, but Biden administration officials say it’s McCarthy’s prerogative.

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Taiwanese President Tsai Ing-wen attends a bipartisan meeting with U.S. Speaker of the House Kevin McCarthy at the Ronald Reagan Presidential Library in Simi Valley, Calif., on Wednesday, April 5, 2023. (AFP)

Early Wednesday, China’s navy sent an aircraft carrier group through the Bashi Channel – between Taiwan and the Philippines – and into the Pacific, according to Taiwan’s defense ministry, which called the move irresponsible and announced new naval drills next week.

John Kirby, a spokesman for the White House’s National Security Council, said Wednesday that Beijing’s moves did not worry him.

“There’s nothing atypical or uncommon about presidents of Taiwan transiting the United States or, in fact, meeting with members of Congress. That’s pretty typical, too,” Kirby told reporters.

“Our position remains the same: There’s no reason for the Chinese to overreact in any way. We’ll watch this as closely as we can.”

‘A pathetic threat’

Tsai last week also met with another bipartisan congressional delegation led by House Minority Leader Hakeem Jeffries, a Democrat from New York, during her visit to the east coast, according to reports, but that meeting was not publicized until after it took place.

But it was the high-profile McCarthy meeting that rankled Beijing.

Washington-based PunchBowl News on Tuesday obtained an email sent to McCarthy from Li Xiang, the Chinese Embassy in Washington’s liaison to Congress, warning of consequences over the meeting.

“I have to point out that China will not sit idly by in the face of a blatant provocation and will most likely take necessary and resolute actions in response to the unwanted situation,” Li wrote. “Former Speaker [Nancy] Pelosi’s visit to Taiwan last year triggered a serious crisis in the China-U.S. relationship, and the lessons should be learned.”

Rep. Ashley Hinson, a Republican from Iowa, told Radio Free Asia before the meeting that she too had received the warning.

“We did not respond to the embassy, but made the e-mail public to bring their tactics to light,” Hinson said, calling it a “pathetic threat,” and adding she would “relentlessly stand up for freedom and with Taiwan.”

“My message back to them is this: I look forward to meeting with President Tsai and reaffirming our commitment to Taiwan and freedom-loving nations everywhere,” Hinson said

Tsai returns to Taiwan on Thursday. But the drama might not be over.

McCarthy said last month he may repeat Pelosi’s trip to Taiwan this year, insisting “China can’t tell me where and when I can go.” 

Meanwhile, Virginia Gov. Glenn Youngkin – a rising star in the Republican Party and a possible 2024 presidential contender – on Tuesday also said he will visit Taiwan later this month.

Edited by Malcolm Foster.

CertiK Analyzes ZenGo’s Secure Wallet To Uncover a Privileged User Vulnerability

ZenGo Rapidly Patches Wallet Security Issue After In-Depth Evaluation From CertiK

New York, NY, April 05, 2023 (GLOBE NEWSWIRE) — CertiK, the leading blockchain security solutions provider, announces a successful collaboration with the ZenGo Wallet, the popular self-custodial MPC wallet provider, to fortify the security of its wallet application against privileged user attacks. The joint effort demonstrates CertiK’s commitment to conducting proactive in-house research and collaborating with external parties to raise the standard of security and transparency across the Web3 world.

CertiK’s SkyFall team conducted a comprehensive evaluation of ZenGo’s security design and implementation, focusing on the wallet’s ability to protect against advanced threats, such as advanced malware and rooted devices. Despite ZenGo’s robust security features, including its two-party signature scheme, TEE-based device protection, and biometric-enforced user sign-up and recovery, CertiK identified an inappropriate protected cryptographic management API issue that could be exploited in certain scenarios.

ZenGo responded quickly to CertiK’s findings, deploying a patch to fix the identified issue. CertiK’s thorough review of the patch confirmed its effectiveness, significantly bolstering the wallet’s security against privileged user attacks and rendering it more secure than traditional wallets which are still vulnerable to this type of attack. This collaboration demonstrates the importance of proactive security evaluations and the value of working with experienced security firms like CertiK to identify and address potential vulnerabilities.

“I’m proud of the work our engineers did to identify and address this security issue in one of the most secure mobile wallets,” said Kang Li, CertiK’s Chief Security Officer. “Even the MPC technology provides a strong defense, the specific implementation details can expose security risks if not designed well. This collaboration with ZenGo highlights the need for comprehensive security evaluations and reinforces CertiK’s commitment to raising the industry standard of security and transparency.”

“It was a pleasure to work closely with the CertiK team in a clear, professional, and proactive manner to quickly fix this issue and jointly publish a report to increase community awareness. CertiK’s discovery and ZenGo’s fix helped ensure that ZenGo is hardened against privileged attacks that traditional wallets cannot protect against,” said Tal Be’ery, ZenGo’s CTO and co-founder.

This partnership between CertiK and ZenGo showcases the shared commitment of both companies to create a more secure and transparent ecosystem for the rapidly expanding Web3 world. Builders, founders, and users can take confidence in the knowledge that CertiK’s comprehensive security suite and proactive research are raising the bar for security standards across the entire industry.

To learn more about CertiK’s suite of security solutions for Web3, visit certik.com and follow along on Twitter at @CertiK and @CertiKCommunity. To learn more about the ZenGo wallet, follow @ZenGo on Twitter and visit ZenGo.com.

About CertiK

CertiK is a pioneer in blockchain security, leveraging best-in-class AI technology and expert manual review to protect and monitor blockchain protocols and smart contracts. Founded in 2018 by professors from Yale University and Columbia University, CertiK secures the Web3 world, by applying cutting-edge innovations from academia to enterprise, enabling mission-critical applications to scale with safety and correctness. CertiK has audited more than 3,900 Web3 projects and secured hundreds of billions of dollars of market capitalization.

Alnura Belyalova
Director of PR, Luna PR
alnura@lunapr.io

GlobeNewswire Distribution ID 1000802489

Fisheries Subsidies from Wealthy Nations Disproportionately Harm Poorer Countries, New Study Finds

Oceana urges coastal developing states to call out the unjust financing of foreign fishing in their waters and demand greater transparency

WASHINGTON, D.C., April 05, 2023 (GLOBE NEWSWIRE) — New Oceana-supported research, published in Marine Policy, finds harmful fisheries subsidies from wealthy nations like China, Spain, and the United States are disproportionately impacting poorer nations like Guinea-Bissau, Somalia, and Namibia that depend on fish for food security and livelihoods.

The paper, which expands on analyses prepared for Oceana’s Transparent Oceans Initiative, reveals that 20-37% of all harmful fisheries subsidies support distant-water fishing in other countries’ waters or on the high seas. That equates to about USD $5.3 billion each year.

More than 40% of the harmful subsidies that support fishing in “very poor” nations, as measured by the Human Development Index, originate from the wealthiest fishing nations.

“Harmful fisheries subsidies, initially designed to boost economic growth by reducing fishing costs, can actually deepen inequity and threaten marine biodiversity,” said Dr. Daniel Skerritt, Oceana’s Senior Analyst, and lead author of the paper. “This subsidized overfishing is damaging poorer nations’ fisheries at a time when climate change has already placed billions of people at risk of food and economic insecurity.”

The study comes as the World Trade Organization (WTO) restarts negotiations to curb the provision of harmful fisheries subsidies. Although a deal was struck by Members last June, Oceana says important issues were left unresolved, including prohibiting subsidies that contribute to overcapacity and overfishing.

Co-author, Director of the University of British Columbia’s Fisheries Economics Research Unit, and Oceana Board Member Dr. Rashid Sumaila said, “It is vital that WTO Members come together to take bold steps to eliminate subsidies that lead to overcapacity and overfishing, whether in their own waters or the waters of other nations. It is essential to address these longstanding power imbalances to ensure our ocean remains healthy and productive for future generations.”

The authors encourage the nations most impacted by subsidized fishing to strengthen and enforce rules of access to their waters. This could be achieved through an improved WTO Agreement, bilateral access agreements, or other country-to-country negotiations.

Some regions, particularly Africa and Oceania, may require funding to help manage their fisheries, rebuild diminished stocks, and effectively undo the damage caused by subsidized fishing in their waters.

“Redirecting funds that prop up distant-water fishing toward more equitable coastal development, fisheries management, and enforcement, in heavily affected regions would be a positive step,” said Skerritt. “WTO Members should seriously consider adopting the ‘polluter pays principle’ — where those who cause ecological and social harm bear the cost of the repair.”

Oceana is the largest international advocacy organization dedicated solely to ocean conservation. Oceana is rebuilding abundant and biodiverse oceans by winning science-based policies in countries that control one-quarter of the world’s wild fish catch. With more than 275 victories that stop overfishing, habitat destruction, oil and plastic pollution, and the killing of threatened species like turtles, whales, and sharks, Oceana’s campaigns are delivering results. A restored ocean means that 1 billion people can enjoy a healthy seafood meal every day, forever. Together, we can save the oceans and help feed the world. Visit Oceana.org to learn more.

Contact: Anna Baxter abaxter@oceana.org

GlobeNewswire Distribution ID 8802208

Cambodia sells research monkeys to the world. It’s not all legal, US says.

Visitors are not welcome at the monkey farm co-owned by the sister of Cambodian Prime Minister Hun Sen.

The farm is ringed by moat-like canals, 6-foot-6-inch-high (2 meters) earthworks and a brick wall topped with razor wire. 

A former employee told RFA that guards with Kalashnikov assault rifles patrol the grounds inside the farm in rural Kampong Speu province, which is two hours’ drive from the capital Phnom Penh.

So, what’s there to secure behind the walls? 

The answer is the captive animals within: long-tailed macaques, a breed of primate favored for medical research. 

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Cages of monkeys are seen on the grounds of a farm co-owned by the sister of Cambodian Prime Minister Hun Sen in rural Kampong Speu province, March 2023. Credit: RFA

Once an unremarkable player in the business of providing the animals for a global research industry, Cambodia has become a hub for exports of long-tails – a lucrative but shadowy business tied to the nation’s political elite. 

Growing demand from the COVID-19 pandemic meant primate farms like the one owned by the prime minister’s sister exported about a quarter of a billion dollars worth of research macaques in 2022, according to U.N. trade data.

But as the business booms, questions are emerging about the origin of the monkeys Cambodia ships around the world.

Allegations of illicit trade are at the core of a high-profile legal case brought by U.S. wildlife prosecutors against senior Cambodian government officials. 

Two officials have been charged with issuing fraudulent export permits certifying poached monkeys as captive-bred animals to circumvent U.S. import restrictions and international treaties governing the trade in endangered species. Cambodia’s wildlife and diversity director, Kry Masphal, was arrested in New York in November while traveling to a conservation conference in Panama. His boss, Forestry Administration Director General Keo Omaliss, was also indicted but remains at large in Cambodia.

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A permit issued by the Cambodian government for the export of monkeys. Credit: Handout

Kry is currently under house arrest near Washington, D.C., and set to face a court proceeding in Miami in June.

Yet with so much money to be made in Cambodia, experts fear there is little incentive for reform in the country.

“It’s kind of like the realization of our worst fears,” said Ed Newcomer, a recently retired U.S. Fish and Wildlife Service agent who spent 20 years investigating wildlife crimes around the world.

“When government officials, and relatives of high-powered officials, are involved in the wildlife trade, how are the Cambodian regulatory and enforcement agencies supposed to effectively enforce the law?”  

The monkey business

Long-tailed macaques, which are native to Southeast Asia, are so-named because their tails are usually longer than the length of their bodies. Other distinguishing characteristics include tufts of hair atop their heads and whiskers around their mouths. 

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An engineer takes samples of monkey kidney cells at a lab in China. Credit: AFP file photo

Also known as “crab-eating” monkeys, they are highly prized by biomedical researchers for their similarity to humans. Testing on the animals helped lead to a vaccine for yellow fever. More recently, they’ve been used to test treatments for issues ranging from reproduction to obesity and addiction.

Demand for their species soared with the onset of the coronavirus pandemic, as macaques were critical in the development of the mRNA vaccines for COVID. 

Until recently, China was the world’s top supplier. But in a bid to protect its own vaccine development, Beijing banned exports of research monkeys, leaving Cambodia as the number-one source for a global research industry that was suddenly facing a severe shortfall.

In 2019, Cambodia exported the most primates it had ever shipped in a single year, sending 14,931 overseas for $34 million – an average cost of just over $2,271 per monkey, according to the U.N. trade data.

The number of macaques being exported and the average cost per monkey continued to rise. Countries reported importing around $250 million worth of monkey shipments from Cambodia in 2022 alone, according to the data. 

5 cd-monkey-trade_v004.png

Questions of origin

But experts say it would be impossible for all of them to have been legitimately raised and sourced according to rules that govern the use of research primates.

Partly to protect dwindling wild populations, but also to reduce potential contamination of experiments, only captive-bred macaques are allowed in medical research. However, they are also slow-breeding, with infants taking three years to reach maturity. So, captive-bred stocks frequently struggle to meet researchers’ needs, and suppliers are often incentivized to pass off wild-caught monkeys as farm-reared.

Although a black-market trade in the monkeys has long blighted the industry, the COVID-driven supply shortage has sent illicit poaching into overdrive, conservationists say. 

“There’s just too much money in this business now for these macaques to stand a chance,” said Lisa Jones-Engel, a primatologist who now advises the animal rights group Peta.

A study published last month in One Health, a peer-reviewed veterinary science journal, found that Cambodian breeders would have needed to more than quadruple production rates – from 81,926 over a four-year period to at least 98,000 in a single year – to have legitimately exported the number of macaques shipped during the pandemic.

As Cambodia has never reported importing long-tailed macaques, such an increase would have to have been driven entirely by an increase in domestic supply.

Yet “Cambodia has historically been incapable of producing second generation offspring macaques, therefore increasing their production capacity legally seems unlikely,” the researchers wrote.

The sister

The farm owned by the prime minister’s sister Hun Sengny sits at the end of a dusty road on the outskirts of the sleepy town of Damnak Trach. 

It is registered under a Cambodian firm, Rong De Group, for which she serves as chairwoman. The uniforms of the security guards who wield the assault rifles bear the insignia of her private security firm, Garuda Security Co. 

Locals who spoke to RFA all described the “boss” of the farm as being Chinese expatriate, Dong Wan De, who Commerce Ministry records identify as the Rong De Group’s only other director and shareholder.

Rong De Group was granted a breeding license for the farm in 2007, although Hun Sengny did not take control as chairwoman until 2011. 

The Rong De Group farm, Hun Sengny and Dong Wan De have not been implicated in any wrongdoing, and Hun Sengny does not hold any government office in Cambodia. 

But she is among the many with ties to political power – official or otherwise – who have enjoyed the fruits of being given free rein to undertake business ventures with little government oversight. 

After spending much of the 1970s forced by the Khmer Rouge to work as a seamstress, Hun Sengny now has interests in mining, agriculture, logistics and consulting, often in collaboration with Chinese investors.

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The farm in Kampong Speu province is co-owned by Cambodian Prime Minister Hun Sen’s sister, Hun Sengny. Credit: Facebook

Hun Sengny and Dong Wan De did not respond to requests for comment. 

Powerful players

In another example of the industry’s connections to the powerful, Agriculture Ministry Secretary of State Sen Sovann told RFA that he has leased land in Kandal province for decades to James Lau, the founder of the Vanny Group, a company that operates monkey farms.

Lau was among six individuals indicted last year alongside Kry and Keo Omaliss, who as director of Cambodia’s Forestry Administration was Kry’s immediate superior, in the U.S. monkey importation case. 

Sovann insisted there was nothing improper in the arrangement and said that he did not know what the land was used for. 

However, public records for business addresses suggest the land he leases houses one of Vanny Group’s Cambodian monkey farms under investigation by U.S. wildlife officials in the case against Keo and Kry. Vanny Group’s farms are named in the indictment.

And in August 2022, then-Agriculture Minister Veng Sakhon flew to Seoul to sign a business agreement with Orient Bio, Inc. on behalf of the ministry, despite a U.S. Justice Department investigation into the company on suspicion of poaching and laundering macaques from Cambodia to the United States. 

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Cambodia’s Agriculture Ministry Secretary of State Sen Sovann [left]; Keo Omaliss [center], director of Cambodia’s Forestry Administration; and Cambodia’s wildlife and diversity director, Kry Masphal. Credit: Cambodia MAFF [left] and Facebook

The Cambodian government has denied that there is a problem with illicit monkey trading in the country, despite calls by conservationists for tighter regulation of its farms for more than a decade. 

In response to Kry’s arrest in the US, the Agricultural Ministry issued a statement saying that Cambodia’s macaques “are not caught from the wilderness and smuggled out, but farmed in decent manners with respect to good hygiene and health standards so as to preserve their gene pool.”

But such high-level interest in the business makes it hard for Cambodian wildlife regulators to oversee the industry, said Newcomer, the retired U.S. investigator.

“They are powerless because such powerful people are involved in the trade,” he said.

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The gate of the monkey farm, which is located on the outskirts of the town of Damnak Trach, Kampong Speu province, Cambodia, is seen in March 2023. Credit: RFA

‘Voluminous’ evidence

But now the illicit trade in the primates has attracted the attention of U.S. authorities.

After a years-long investigation by Fish and Wildlife agents, U.S. prosecutors on Nov. 16, 2022, accused Kry, the Wildlife and Biodiversity director, and Forestry Administration head Keo of taking part in a multi-million dollar conspiracy to ship wild long-tails to the United States.

The indictment alleges the two colluded with monkey breeders to produce fraudulent export permits certifying the monkeys as legitimately sourced. 

Kry was arrested in New York last November on his way to a wildlife conservation conference in Panama. Keo remains at large in Cambodia.

U.S. prosecutors have described the evidence against Kry as “voluminous.” Court filings reveal it includes blood and trace analyses, hundreds of investigative reports, video footage and financial records. In total, over 660,000 pieces of evidence have been turned over so far.

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An excerpt from the U.S. Justice Dept. indictment in the alleged monkey trade scheme. Credit: U.S. Justice Dept. photo; RFA photo illustration

Kry has pleaded not guilty. His lawyers have not responded to repeated interview requests.

Where the demand is

But the blame for the criminality alleged by the Justice Department lies not just with the exporters in Cambodia. Importers in the U.S. and China who are fueling the demand bear responsibility, Jones-Engel of Peta said.

According to the Convention on International Trade in Endangered Species, the U.S. imported some 300,000 long-tailed macaques over the last decade, five times as many as Japan, which reported the next highest imports over the same period. 

It’s not known what proportion of those imports were illegally sourced. But industry players in the U.S. have known for years that wild-caught monkeys were making their way into shipments from Cambodia, U.S. investigators say.

Newcomer, the retired U.S. Fish and Wildlife Service agent, went undercover at a Washington, D.C., trade show for the biomedical research and primate industry roughly a decade ago. Posing as a lawyer for a group of investors looking to set up a macaque farm in Cambodia or Laos, the things he heard were damning.

“When I approached in a nice suit and handed them my business cards from an established law firm, everybody assumed I was part of the inner circle of importers,” Newcomer told RFA. 

Undercover, he heard incriminating statements, including admissions by representatives of U.S. primate importers, “that they knew wild animals were making it into their shipments from Cambodia.” The high bar for collecting enough evidence to indict meant investigators were unable to pursue charges, however.

Bleak outlook

Demand for long-tails led the International Union for Conservation of Nature to list the breed as an endangered species last year. 

Hunting and trapping of macaques is taking place at “unprecedented levels … most ominously, to fuel both the legitimate and illicit trade for research and other usages,” it said.

“Both price and demand for [long-tailed macaques] as a trade commodity has skyrocketed during the COVID-19 pandemic, relative to the already regular and heavy pre-pandemic capture and trade.”

Over the last four years, monkey exports have generated half a billion dollars for the Cambodian economy, according to the U.N. data. 

But the portion of that money ending up in the pockets of the ordinary Cambodians doing the poaching is small.

A former monkey poacher in Pursat province, an area northwest of Phnom Penh that includes a vast wildlife preserve, told RFA that even at the height of global demand last year brokers were only paying 700,000 riel ($175) per macaque. He didn’t know where they were going or what they were for, he said.

By the time those same monkeys were exported they were fetching an average of $6,660 a piece, the U.N. data show – a 38-fold increase between the point of capture and the moment of export. 

Given the country’s dynamics, the outlook for Cambodia’s macaques looks bleak, said Timothy Santel, who prior to his retirement in 2020 supervised the U.S. Fish and Wildlife Service’s investigation into Kry and Keo.

“Unfortunately, as I have seen in my 30-plus years, money and greed is often the root to most of these activities,” Santel told RFA. 

“And when you sprinkle in corruption, it’s usually a disaster for the critters.”

Intesa Sanpaolo’s International Subsidiary Banks Division (ISBD) recorded growth 

Marco Elio Rottigni

Marco Elio Rottigni, head of Intesa Sanpaolo.

MILAN, Italy, April 05, 2023 (GLOBE NEWSWIRE) — Intesa Sanpaolo’s International Subsidiary Banks Division (ISBD) recorded growth in 2022. The Intesa Sanpaolo Group, the largest banking group in Italy and a leader in Europe, has a strong international presence. The activities of ISBD are carried out through 11 commercial banks operating in 12 countries (Slovakia, the Czech Republic, Hungary, Slovenia, Croatia, Serbia, Bosnia-Herzegovina, Albania, Romania, Moldova, Ukraine and Egypt) and the wealth management company Yi Tsai (Talento Italiano) in China, where the Group also has a minority stake in Bank of Qingdao and Penghua Asset Management.

The Division’s banks, which play a major role in their respective markets, have a network of over 900 branches serving around 7 million customers.

Over the last three years, ISBD, led by Marco Elio Rottigni, recorded an average growth in total assets of 7% per annum and contributed 14% to the net profit of the Intesa Sanpaolo Group in 2022.

“We are very satisfied with the results achieved in 2022 and, more generally, in the last three years: we have achieved them by operating in a complex economic and geopolitical scenario at global level, which has led to the redefinition of international production and logistics chains,” said Marco Elio Rottigni, Chief of ISBD.

During the press conference, Rottigni also outlined the Business Plan outlook to 2025. “The Euro-Mediterranean basin,” he explained, “will play an increasingly central role in global maritime routes, and the countries where we operate with our commercial banks are those with the highest expected economic growth in the area.” In key words: internationalisation of the Italian entrepreneurial ecosystem and synergies. “We intend to contribute to this growth and, at the same time, facilitate the internationalisation of Italian companies, focusing on the distinctive skills of our Group, inter-divisional synergies, and recovery and resilience programmes. In particular,” Rottigni stressed, “we will focus our funding on the sustainable development of agribusiness, a strategic sector in the areas where we operate, manufacturing, trade and transport.” “Our people have contributed to the achievement of important results and are the real added value of our Division and, more generally, of our entire Group,” the Chief of ISBD concluded.

For more information:
Press Office LaPresse ufficio.stampa@lapresse.it

A photo accompanying this announcement is available at
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The photo is also available at Newscom, www.newscom.com, and via AP PhotoExpress.

A video accompanying this announcement is available at
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GlobeNewswire Distribution ID 8802608