Environmental crime is the world’s fourth largest criminal enterprise after drug smuggling, counterfeiting and human trafficking. It menaces both our planet and its inhabitants, disrupting ecosystems, reducing biodiversity and contributing to climate change.
All too often, environmental crime is intertwined with financial crime, aided and abetted by practices like fraud, bribery, corruption and labour exploitation. Crucially, from a regulatory perspective, it is increasingly also recognised as a predicate crime for money laundering. We explore these interlinkages in our latest briefing note, highlighting why the financial sector must act to stem the financial flows linked to environmental crime.