Money laundering fuels everything from terror finance and sanctions evasion to human trafficking and corruption. However, experts warn that our anti-money laundering efforts are on the brink of failure, as law enforcement only interdicts less than one-half of one percent of the trillions of dollars laundered each year. We need a new approach to addressing money laundering and the dangerous threats to our safety and security from the crimes funded through illicit finance.
As COP28 kicks off, FACT policy fellow Luke Rowe argues that the fight against dirty money from environmental crimes holds lessons for current efforts to ensure the integrity of the energy transition.
FACT Policy Fellow Sofia Gonzalez interviewed Bram Ebus, Lead Journalist and Research Coordinator at Amazon Underworld, on his work investigating illegal gold mining in the Brazilian Amazon and the secrecy systems that allow illegal gold to make its way to U.S. markets.
FACT launches its latest report analyzing the linkages between U.S. financial secrecy and environmental crimes, the UK passes the Economic Crime and Corporate Transparency Act, and the EU Tax Observatory releases a new global tax evasion report.
Click here to read the FACT Coalition’s latest report analyzing the ways in which U.S. financial secrecy helps abet and reward environmental criminals in the Amazon region.
FACT’s latest report assesses critical gaps in the U.S. anti-money laundering framework that have made the country a safe haven for illicit financial flows from environmental crimes.
FACT’s new report, “Dirty Money and the Destruction of the Amazon,” draws on interviews with diverse stakeholders to show how U.S. financial secrecy facilitates environmental crimes in Peru and Colombia, and lays out a comprehensive U.S. reform agenda.
