US laundering revenue of Colombia's environmental crimes: NGO Lax US legislation and law enforcement facilitating enviro [View all]

Lax US legislation and law enforcement facilitating environmental crimes in Colombia

by Adriaan Alsema April 24, 2024

Much of the revenue of environmental crimes committed in Colombia are being laundered in the United States, a financial crimes analyst told Colombia Reports.

Financial crime expert Julia Yansura of the FACT coalition said that a recent report showed that “quite a significant amount of illicit revenue” that comes from illegal mining and forestry is either laundered or reinvested in the United States.

“The US unfortunately attracts dirty funds, not just from the US but other neighboring countries and around the world,” according to Yansura.

The crime expert said that drug trafficking groups “are increasingly turning to environmental crime” because “it’s very lucrative, just like narcotics, but the risk of getting caught is a lot lower.”

More:
https://colombiareports.com/us-laundering-revenue-of-colombias-environmental-crimes-ngo/