‘Conflict timber’ is an emerging, little noticed money laundering and terrorist financing tool, reports Money Laundering Alert

The Cambodian government and its enemy, the Khmer Rouge, used it to fund their civil war. Liberia used it to finance insurgents in neighboring Sierra Leone. And proceeds from the sale of it have been used to buy armaments from arms traffickers in Singapore, who received his payments via Chase Manhattan Bank in New York. In its April issue, Money Laundering Alert reports that in the middle of all this was conflict timber, wood that is harvested and sold on behalf of armed factions, often by means of illegal logging. It often involves corrupt payments, money laundering, false documentation, theft...