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In a nutshell by MJ

Environmental Crimes

The major difference between Environmental Crimes and other crimes concealed by Money Laundering is that for an act negatively affecting the environment to be considered a crime, it must have borne a damage to the environment without obtaining proper licensing and authorization.

For instance the activity of selling timber is not necessarily a criminal offense whereas drug trafficking or arms trafficking are and therefore systematically labeled as crimes.

In other words, the act must be done illegally to qualify as Environmental Crime, while the mere fact of being caught selling drugs or arms qualifies as a crime.

It is for this reason that criminals prefer ti take the Environmental Crime route since it is harder for authorities to control and provide law enforcement.

Criminals also generate huge amounts of money from such activities. Therefore they were named by the FATF the “low risk and high reward” crimes.

#environmentalcrimes #moneylaundering #aml #compliance #inanutshellbymj
Environmental Crimes (Part 2) - by Marijo Samneh
Environmental Crimes & Money Laundering - by Marijo Samneh