Global losses to illegal, unreported and unregulated (IUU) fishing are estimated to be as high as $23.5 billion annually. Illegal operators are driven by money and key hotspots for their operations include the major tuna fisheries in the Pacific, the Indian Ocean and West Africa.
Large scale illegal fishing often goes hand in hand with other criminal activity, these are either as a result of the illegal fishing operation (e.g. tax evasion, money laundering) or are linked to the activities of transnational organised crime such as drugs smuggling, human trafficking or the trade in illegal wildlife products.
Stopping illegal fishing requires action at local, national, regional and international levels.
Flag States who sell their flag to fishing vessels without checking the history of the vessel, that it is safe and seaworthy, that it is the vessel it claims to be and who do not take responsibility for the actions of the vessels are known as flags of non-compliance.READ MORE