What question did this study set out to answer?

The study investigates whether bank lending associated with environmentally harmful activities can lead to criminal liability under AML law.

From ESG to AML: following the money of environmental crime a case study of money laundering in the deforestation-cattle-finance chain

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Examines the criminal liability of bank lending linked to environmental crime, suggesting implications for financial institutions.

The study investigates whether bank lending associated with environmentally harmful activities can lead to criminal liability under AML law.
Conducted a doctrinal analysis of AML legislation.
Performed a case study on a French investigation into four banks financing Brazilian meat processors linked to illegal deforestation.
Revenues from cattle on illegally deforested land are deemed proceeds of environmental crime.
Payments made from these revenues for servicing debt may constitute money laundering.
Current AML laws apply to financial flows from environmental crime despite EU ESG legislation excluding bank lending.

Lucia Sommerer (2026) studied this question.

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