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.
A full recording is now available for the launch of FACT’s new report analyzing the linkages between U.S. financial secrecy and environmental crimes in the Amazon region.
The FACT Coalition filed comments for the record to House Financial Services Committee regarding a Virtual Hearing titled “Cybercriminals and Fraudsters: How Bad Actors Are Exploiting the Financial System During the COVID-19 Pandemic,” on June 16th, 2020.
FACT’s deputy director Erica Hanichak was quoted by Law360 in their coverage of the decline in white-collar crime enforcement, linking it to the ongoing mutual evaluation of the United States by the Financial Action Task Force (FATF).
From the article: The enforcement focus and resource shift also come as the U.S. faces the “biggest evaluation of the strength of its anti-money laundering standards” in a decade, noted Erica Hanichak, deputy director at FACT….“We’ll see what FATF decides. But I think for an appropriate assessment, FATF should express concern about the state of enforcement in the U.S.”
