Nations tend to respond to illegal logging and other environmental crimes with less urgency than corruption, drug smuggling and human trafficking, but from a financial perspective, the stakes are "in the same order of magnitude," the Financial Action Task Force found Monday. With profits ranging from $51 billion to as high as $152 billion each year, forest crime is the most profitable, FATF concluded in a 70-page report. Illegal mining, which generates $12 billion to $48 billion annually, and waste trafficking, which generates a minimum of $10 billion each year, rank second and third. Despite their scale, environmental crimes remain...
The Financial Action Task Force published a report that details the financial flows linked to environmental crime, including illegal mining, illegal logging, illegal land clearing and waste trafficking.
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