Yellen launches Amazon basin effort to disrupt nature crimes
) basin governments to disrupt illicit finance that fuels nature crimes, including illegal harvesting of trees and other plants, minerals and wildlife.
"Globally, nature crimes are estimated to generate proceeds in the hundreds of billions of dollars annually and often entail misusing and abusing the U.S. financial system," Yellen said, adding that such trafficking is upsetting the ecological balance of the Amazon rainforest, the livelihoods of local communities, and national economies in the region.
The U.S. Treasury will also pursue joint investigations with participating countries against groups behind nature crimes.
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