Securities Litigation

The Financial Crimes Enforcement Network (“FinCEN”) unit of the U.S. Department of the Treasury called this week for the nation’s financial institutions to be on the lookout for money flows indicative of environmental crimes. The Notice links environmental crimes to FinCEN’s traditional missions of combatting corruption and international terrorism and money-laundering, but also expressly recites a new ESG mission due to “environmental crimes’ contribution to the climate crisis, including threatening ecosystems, decreasing biodiversity, and increasing ...