Biodiversity and nature loss poses significant risks to society, businesses and financial markets globally. Half of the world’s GDP is moderately or highly dependent on nature while 83% of wild mammals and 50% of plants are already lost. In the area of financial crime, environmental crime is now recognized as a key security threat. According to the Financial Action Task Force (FATF), illegal logging, illegal mining and waste trafficking generate up to $258 billion a year. Less recognized, however, is the impact on the sustainability agenda (e.g. COP 26) and the goal to reduce global carbon emissions to net-zero by 2050.
This session explores why Interpol, a leading law enforcement agency, has taken the action of convening Financial Intelligence Units as part of its Global Financial Crime Task Force. We also explore the role of public and private sector collaboration is tackling this issue, how carbon trading markets are susceptible to fraud and how better data can help organisations can incorporate environmental crime as part of their due diligence processes.
Join to hear from expert speakers.
Duration: 60 minutes
WITH OUR SPEAKERS
Rory Corcoran, Assistant Director, Organised & Emerging Crime, Interpol
Holly Pelesko, Product Manager, Refinitiv, an LSEG Business
Che Sidanius, Global Head of Financial Crime and Industry Affairs, Refinitiv, an LSEG Business