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.
It is imperative both for the U.S. to get its own affairs in order, as well as for the world to prioritize environmental crimes within the framework of the UNCAC. By leveraging its influence, the U.S. has the power to shape and bolster global efforts aimed at combating corruption by tackling 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.
On June 28th and 29th, the FACT Coalition convened anti-money laundering, illicit finance, environment, and climate policy makers, thought leaders, and activists to discuss ways to counter this growing threat posed by illicit finance and environmental crimes. The convening brought together more than 60 advocates and experts from government, international secretariats, and more than 30 civil society organizations to share lessons learned on the intersection of illicit finance and environmental crimes.
