The Financial Crimes Enforcement Network (FinCEN) on Thursday issued a notice to banks and other financial institutions calling attention to what it has identified as a rising trend in environmental crimes.
Global environmental crimes “now rank as the third largest illicit activity in the world following the trafficking of drugs and counterfeit goods,” FinCEN stated. Examples of such crimes include wildlife trafficking, illegal logging, illegal fishing, illegal mining, and waste and hazardous substances trafficking.
