The growing trend for international banks to view the provision of financial services to individuals or small- and medium-sized enterprises involved activities with an environmental impact such as mining or logging as too risky is creating an opportunity for illicit actors according to a recent report by the Financial Action Task Force (FATF).

The report, Money Laundering from Environmental Crime, says smaller and regional financial institutions are stepping in to provide access to banking services for these types of businesses as larger banks exit less developed countries or business sectors they consider too risky.

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