The Exploitation of Legitimate Transport Routes for Different Types of Illegal Products
Financial Crime Academy Blog
by Financial Crime Academy Editorial
1d ago
There are legitimate transport routes for different types of illegal products. Borders are not a barrier to environmental crimes, which include illicit logging, the disposal of hazardous waste, and the trafficking of ivory, as well as the overfishing of endangered species. Environmental criminals use the same well-known trade and traffic routes. Animals and illicit timber trading can be carried from Africa to Asia and Europe and from Asia to Europe. Additionally, throughout Southeast Asia, the smuggling patterns of ODS and pangolin are very similar. Furthermore, illicit wildlife resources may ..read more
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What are the Main Drivers of Environmental Crimes?
Financial Crime Academy Blog
by Financial Crime Academy Editorial
1d ago
What are the main drivers of environmental crimes? Environmental crime has a wide range of underlying causes. Thus it is important to carefully prepare the design, identification, and execution of appropriate responses. With high demand for everything from animals, lumber, and pulp to inexpensive illicit chemicals and unregulated gold and minerals, recruiting and illicit trafficking will continue owing to the profitable nature of the industry. Environmental crime is driven and sustained by customers ready to pay extraordinary rates for illegal goods, irrespective of where it comes from or ..read more
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Impacts of Environmental Crimes
Financial Crime Academy Blog
by Financial Crime Academy Editorial
1d ago
Numerous studies have documented the following environmental impacts of environmental crimes. It is commonly acknowledged that these crimes lead to habitat loss, environmental damage, and ongoing pollution.  The “industrial scale” trade in illegally logged timber is a key component of an otherwise legitimate but often unsustainable worldwide business. Due to its uncontrolled nature and disregard for environmental standards, illegal logging significantly contributes to deforestation, habitat loss, and dwindling biodiversity. Floods, landslides, and the erosion of coastal zones are all mad ..read more
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How is Environmental Trade Done Legally?
Financial Crime Academy Blog
by Financial Crime Academy Editorial
1d ago
How is environmental trade done legally? Economic expansion and globalization have drained vast resources from remote East Asia and the Pacific. Among them are goods made of wood, such as paper and lumber. Since 2005, there have been approximately 1.3 billion cubic meters of yearly worldwide trade in wood-based goods, with an import value of about 350 billion US dollars.  How is Environmental Trade Done Legally? Logs, plywood, and furniture make up 45 percent or nearly half of the trade’s value, while the remaining portion comprises paper goods, such as pulp, wood chips, and paper. In cer ..read more
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Mapping of Information Security Risks and Controls: Information Security Risk Management Step #4
Financial Crime Academy Blog
by Financial Crime Academy Editorial
2d ago
The mapping of information security risks and controls with relevant risks are identified from different risk sources. Control mapping is essential to identify the unattended information security risks and the weak controls which require enhancement or replacement.    The organization’s management must identify and differentiate between preventive and detective internal controls. Preventive controls are built and implemented to prevent information security risk incidents. In contrast, detective controls detect the occurrence of information security incidents or data breaches. Ma ..read more
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Information Security Risk Assessment Process: Information Security Risk Management Step #3
Financial Crime Academy Blog
by Financial Crime Academy Editorial
2d ago
The security risk assessment process is one of the most important steps of an organization’s overall information security risk management activities.  Once the information security risks are identified from different risk sources, the likelihood of the occurrence of information security is assessed. Assessing the likelihood is subjective because relevant data or information is unavailable to the organization that accurately predicts the likelihood of a particular information security risk.  Information Security Risk Assessment Process To assess the likelihood of information security ..read more
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What are the Different Types of Environmental Crimes?
Financial Crime Academy Blog
by Financial Crime Academy Editorial
2d ago
There are different types of environmental crimes and it is the violation of environmental and human health laws. These laws govern air and water quality and specify how waste and hazardous materials can be legally disposed of. When environmental laws are broken, individuals or corporations can be charged with a white collar crime. Types of Environmental Crimes Forestry Crime Forestry crime refers to a broad range of unlawful activities, including illicit logging and land clearing, that occur across the forestry supply chain, from harvesting to processing to sale. Forest crime encompasses the ..read more
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What is an Environmental Crime?
Financial Crime Academy Blog
by Financial Crime Academy Editorial
2d ago
What is an environmental crime? Environmental crime is defined by the United Nations Environment Program or UNEP and INTERPOL as, “Despite the fact that there is no globally accepted definition of “environmental crime,” it is generally considered to refer to all illicit acts that affect the environment while benefiting people, organizations, or businesses through the exploitation, destruction, exchange, or extortion of resources, encompassing, however, it is not restricted to major crimes and international organized crime.”  The prosecution may employ the wrong laws or rules based on how ..read more
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Evaluation of the Operating Effectiveness of Security Controls: Information Security Risk Management Step #5
Financial Crime Academy Blog
by Financial Crime Academy Editorial
2d ago
The assessment of the operating effectiveness of security controls by the information security risk assessment team s to ensure that information security risks and incidents do not occur or are managed effectively. Internal information security controls’ operating effectiveness and efficiency are significant parameters in assessing the risk of data losses in any organization. One may have a view of the organization by understanding its internal controls and its operating effectiveness. It is not only necessary to design and implement the internal controls, but the main point is to ensure the o ..read more
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Identification Process: Information Security Risk Management Step #2
Financial Crime Academy Blog
by Financial Crime Academy Editorial
5d ago
The risk identification process have different core activities performed by organizations during the risk assessment process. The knowledge base is created to identify potential information security risks in the business and operations of the organization. The knowledge base is created through meetings and coordination with people in the organization. Such coordination and meeting may include interviews, discussions, and observations of the processes and activities.  Information and data owners and custodians are the people who possess the actual knowledge base of the customers, operation ..read more
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