US to help Amazon nations fight illicit finance, Yellen says / Photo: Daniel MUNOZ - AFP
-
Vessel operator seeks witnesses after Vancouver grounding
-
Bezos grant helps Seattle nonprofit move thousands of families toward housing
-
Shrini Srivastava joins crew of Varanasi-Delhi Vande Bharat Sleeper service
-
US stocks fall before midterm Election Day as technology shares weaken
-
Nearly Half of Australian Workers Overqualified, Survey Finds
-
BLS Polymers makes strong market debut at ₹248 per share
-
RBI eases export-declaration compliance for individual service exporters
-
Petrol and diesel prices remain broadly steady across major Indian cities
-
Reliance shares remain in focus after near-12% surge
-
Derek Tierney Outlines Ten-Year Strategy for National Digital Health System
-
Coal India prepares possible $1 billion Mahanadi Coalfields listing
-
BLS Polymers shares open 65.3% above IPO price
-
Capital-markets shares rally as Motilal Oswal and Angel One lead gains
-
ITC shares rise as analysts anticipate gradual cigarette-business recovery
-
Reliance rally puts historical one-year return pattern in focus
-
The Digital Burden: Why Instant Messaging Feels Like a Full-Time Job
-
Saudi Aramco quarterly profit climbs 34.6% amid elevated oil prices
-
Korea’s Labor Share of GDP Hits Record Low Amid Semiconductor Boom
-
Australia raises benchmark rate to highest level in 18 years
-
littlefish and Halo Dot Partner to Replace Payment Terminals with SoftPOS
-
Asian stocks retreat as AI worries outweigh steep oil-price drop
-
Egypt Accelerates Construction of 341km Sinai Railway Linking Arish and Taba
-
Hamad International Airport stages emergency drills during WATAN 2026
US to help Amazon nations fight illicit finance, Yellen says
The United States is launching a new initiative to help South American nations disrupt illicit activities that harm the Amazon rainforest, Treasury Secretary Janet Yellen announced Saturday in Brazil.
"Across the Amazon, criminal organizations and individuals are motivated by the potential for financial gain to illegally harvest plants, minerals and wildlife," Yellen said in Belem, a city in northern Brazil surrounded by swaths of dense jungle.
She said these "nature crimes" generate hundreds of billions of dollars each year and "often entail misusing and abusing the US financial system."
Under the initiative, the US Treasury will boost coordination efforts by hosting "follow the money" trainings for partner nations, enhancing information sharing and supporting joint investigation, Yellen said.
The project will coordinate efforts among the United States, Brazil, Colombia, Ecuador, Guyana, Peru and Suriname.
"We will also consider other enforcement actions, including sanctions if appropriate, to hold illicit actors accountable and disrupt their activities," Yellen said in Belem.
The capital city of Para state is set to host the COP30 climate conference in 2025.
The Amazon, the world's biggest rainforest, covers nearly 40 percent of South America. In the last century it has lost about 20 percent of its area to deforestation, due to the advance of agriculture and cattle ranching, logging and mining, and urban sprawl.
P.Kolisnyk--CPN