Illegal logging is believed to account for between 15% and 30% of the international trade in timber, with revenues running into billions of dollars each year. This has prompted the EU, the World Bank and others to call for more effective use of anti-money laundering procedures as a way of tackling the illicit financial flows that support illegal logging. This report looks at whether action on money laundering could be a worthwhile lever to help preserve the world’s forests.
Stashing the cash: banks, money laundering and the battle against illegal logging
October 19, 2015