|
By Nicolas MARINIER, Partner and Emilie RUBAYIZA, Manager at Deloitte Luxembourg
The 2022 Intergovernmental Panel on Climate Change (IPCC) report states that “Human-induced climate change has caused widespread adverse impacts … Near-term actions … would substantially reduce projected losses and damages”.(i) A commonly overlooked subject that heightens these losses and damages is environmental crime, and the laundering of its proceeds through legitimate financial institutions.
Old problem, new challenge
In its July 2021 Money Laundering from Environmental Crime report, the Financial Action Task Force (FATF)(ii) defines environmental crime as any criminal offense harming the...
|