NEW FATF PRESIDENT WANTS TO EXPAND ORGANISATION’S ENVIRONMENTAL CRIME SCOPE WHILE BEEFING UP ITS AML FINTECH ADVICE
June 2nd, 2020
THE NEW president of FATF, who took office on July 1, is planning to expand the global AML’s current focus on wildlife trade offences to other environmental crime, such as illegal logging, slash-and-burn cultivation and unlawful waste disposal.
Speaking to the MLB on July 2 in his first media interview after taking on this new role, Dr Marcus Pleyer, from Germany, stressed that the United Nations Environment Programme (UNEP) has said illicit proceeds from environmental crime could total USD259 billion annually worldwide.
“We want to expand our focus. We ...
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