In 2023, FACT formally launched a new line of work looking at the intersection between environmental crime and illicit finance. Through advocacy, research and capacity building, FACT seeks to close anti-money laundering loopholes that allow the proceeds of environmental crimes like illegal mining and wildlife trafficking to be laundered into the U.S. financial system.
As gold prices surge past $3,000 per troy ounce—a historic milestone driven by geopolitical turmoil, inflation fears, and a weakening U.S. dollar— the effects are being felt around the world and underscore the role that illicit finance and illegally extracted resources play in fueling conflicts.
Following two weeks of intense discussion, debate and exchange of ideas, read Julia Yansura’s key takeaways from COP 16 Biodiversity on efforts to tackle environmental crimes like illegal mining and logging.
A new policy brief coauthored by FACT and leading civil society organizations from Peru, Colombia, and Brazil outlines seven key recommendations for governments to better address, mitigate, and prevent the harms caused by illegal mining in the Amazon region.
A new report by the FACT Coalition finds that the U.S. is the most common foreign destination for the products and proceeds of environmental crimes committed in the Amazon region.
FACT welcomes the government’s commitment to targeting the proceeds of nature crimes like illegal mining and deforestation through the new Amazon Region Initiative Against Illicit Finance.
Through advocacy, research and capacity building, FACT seeks to close anti money laundering loopholes that allow the proceeds of environmental crime to be laundered into the U.S. financial system.
