Lawyers file Amazon deforestation complaints with AML regulators
Legal coalition demands due diligence from banks, investment funds and accountants
Environmental campaigners have filed co-ordinated legal complaints in four European jurisdictions alleging money laundering tied to cattle ranching and deforestation in the Amazon rainforest.
The complaints, issued on November 5, target the world’s largest meat processing company, JBS, and 12 banks, asset managers and accountants that work with the company. They allege that the financial firms have not conducted enhanced due diligence on customers and transactions that carry a high risk of money
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