File
Trade-Based Money Laundering and Natural Resource Corruption
Author(s): Terrorism, Transnational Crime and Corruption Center (TraCCC)
Publication Date: 2020
DOWNLOAD FILETrade-based money laundering (TBML) is a form of money laundering commonly used to hide proceeds of environmental crime and related corruption. Natural resource crime is rarely committed in a vacuum—it is nearly always facilitated by corruption and combined with other types of criminality. Reducing opportunities for laundering the proceeds of environmental crimes helps reduce the overall appeal of these crimes.
Key Takeaways
- TBML is a form of money laundering commonly used to hide proceeds of environmental crime and related corruption.
- Natural resource crime is rarely committed in a vacuum—it is nearly always facilitated by corruption and combined with other types of criminality.
- Reducing opportunities for laundering the proceeds of environmental crimes helps reduce the overall appeal of these crimes.
- Partnerships with government, law enforcement, and private entities focused on financial crimes and illicit financial flows can help natural resource management and conservation practitioners create and implement programming that is more resistant to corruption and money laundering vulnerabilities.
