Last week, the presidency of the Financial Action Task Force, the global intergovernmental standard-setter for combatting illicit financial threats, passed from China to Germany. The presidency of the FATF is an important platform for countries to highlight critical threats to the global financial system.
Among Germany’s incoming priorities for its two-year term is a focus on the illicit financial flows behind many crimes related to the environment.
Among Germany’s incoming priorities for its two-year term is a focus on the illicit financial flows behind many crimes related to the environment. Such a campaign is an overdue step to combat a lucrative but not widely understood criminal enterprise, one that has direct national security implications for the United States.
Read the full article in World Politics Review.
More from CNAS
CommentaryCan Tariffs and Sanctions Lead to a Better Climate Change Strategy?
A little more than two years since he announced in the Rose Garden that the United States was “getting out” of the Paris climate change agreement, President Donald Trump was i...
By Neil Bhatiya
CommentaryClimate Change: The New Asian Drama
When the Swedish economist and sociologist Gunnar Myrdal wrote his magisterial three volume study of postwar economic and political development in Asia, he questioned whether ...
By Neil Bhatiya
Why Abandoning Paris Is a Disaster for America
Ever the showman, President Donald Trump tweeted Wednesday about his soon-to-be-announced decision on whether or not to pull out of the Paris Climate Agreement with the air of...
By Julianne Smith
New Arctic Ambassador Role Raises Profile of Energy-Rich Region
The Obama Administration’s decision to appoint an Arctic Ambassador boosts the profile of U.S. engagement with the region at a vital time. A call from the State Department to ...
By Peter Gardett