All of humanity suffers from the effects of environmental crime. Illicit trade in ozone-depleting substances and the dumping and illegal transport of hazardous waste poison the planet. The illegal trade in wildlife, unsanctioned fishing and the black market in timber products destroy nature and jeopardise the quality of life for future generations.
Environmental crime produces enormous profits for transnational criminal groups. Blurring the origins of the proceeds of environmental crime, storing the funds safely and making them readily accessible are key goals for professional money launderers.
Yet the same money laundering activity offers an opportunity for financial institutions and others to report suspicious transaction reports to financial intelligence units, hopefully leading to investigation and prosecution.
Environmental crime often supports a wider network of criminal activity. These illegal practices are most frequently enabled by corrupt politicians and officials who will turn a blind eye to the illegal transport of environmental resources as well as the movement of weapons or the trafficking of humans. History has shown that the proceeds of environmental crime can be used to resource terrorist groups.
To combat environmental crime, financial intelligence must be gathered from a variety of sources. If the compliance function at financial institutions are able to detect and report on suspicious transactions to the authorities, illegal deforestation and the exploitation of animals can be greatly reduced.
Through detailed case studies, examples and red flags, the FINTEL (Environmental Crime) training program advises participants on suspicious financial patterns that may indicate the trafficking of illegal environmental resources.
The training program can be implemented with the following components:
- Digital textbook
- Computer-based training (customisable and SCORM-compliant)