United States:
FinCEN Holds Public-Private Dialogue On Environmental Crimes
24 November 2021
Cadwalader, Wickersham & Taft LLP
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FinCEN held a virtual FinCEN Exchange to
identify illicit financial flows and money laundering related to
environmental crimes.
FinCEN explained that there has been an uptick in environmental
crime-related illicit financial flows, which have a "strong
association" with FinCEN's focus on transnational criminal
organizations and their effect on "climate and biodiversity
crises." FinCEN stated that environmental crimes often
involve, among other criminal activities, money laundering,
bribery, theft, forgery, tax evasion, and human and drug
trafficking.
Primary Sources
- FinCEN Press Release: FinCEN Holds FinCEN Exchange
on Environmental Crimes and Related Financial
Activity
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