FATF Report: Money Laundering from Environmental Crimes July 2021

The FATF conducted a study to strengthen awareness of the scale and nature of criminal gains and laundering techniques for environmental crimes. This study builds on the FATF’s 2020 report on financial flows from the illegal wildlife trade. It brings together expertise from across the FATF’s Global Network to identify good practices that governments and the private sector can take to disrupt the profitability of environmental crimes.

Financial Action Task Force (FATF) [node:field_last_name]

The Financial Action Task Force (FATF) is the global money laundering and terrorist financing watchdog. The inter-governmental body sets international standards that aim to prevent these illegal activities and the harm they cause to society. As a policy-making body, the FATF works to generate the necessary political will to bring about national legislative and regulatory reforms in these areas.

Red Flag Compendium – How to Spot the Warning Signs of Wildlife Crime in the Maritime Industry

This compendium provides information on at-risk routes as well as typical indicators of illicit activities such as questionable paperwork and discrepancies in information like value, weight, and appearance. Irregular behavior, such as consignments split across multiple shipments, last-minute requests for shipment clearance and abnormal or sudden changes in routes or destinations may be signs of illegal action.

To download the IWT Red Flag Compendium, click here.