Breaking The Connection Between Environmental Crimes And Finance

The report highlights the opportunity to reduce environmental crimes by widening the scope and interpretation of existing Anti-Money Laundering (AML) rules.

Pointing to the limits of such an approach, however, the report highlights the need to go further, and proposes a way forward paralleling anti-slavery and conflict diamond approaches.

A new report published today from Finance for Biodiversity (F4B) points to how to break F4BlogoColor.pngthe environmentally-destructive connection between environmental crimes and legitimate investments. F4B calls on the global financial community, working with regulators and civil society organisations, to take steps to ensure the entire financing value chain is free of environmental crimes.

Environment crime, such as illegal wildlife trade and logging, is now one of the most profitable global criminal enterprises, generating up to almost USD300 billion in criminal gains each year, and creating even more profound damage and cost to the environment and society. Many entirely legal enterprises benefit from such environmental crimes, as do those who finance them.
F4B Breaking Env Crimes Finance Connection_final report 

F4B Breaking Env Crimes Finance Connection_final exec summary-1

Abholzungswort stock abbildung. Illustration von ...