By Brian Huerbsch
Illegal logging poses real and significant regulatory risk for international financial institutions and corporations, especially those connected, either directly or indirectly, with the global timber industry, or that operate in areas where the industry is prevalent and important to the local economy. Considering the notable increase in regulatory activity over the past decade, the amount of enforcement actions given, and the ballooning size of fines over the past several years, it is clear that illegal logging is a crime that cannot be ignored anymore. Fortunately, this risk can be mitigated properly if strong third-party risk and know your customer (KYC) processes are in place, including enhanced due diligence (EDD) and anti-money laundering (AML) protocols.
This report was originally conceived to be an exploratory analysis of case data on trafficking and exploitation in Southeast Asia that begins online, trying to understand if recruitment is occurring via social media, messaging apps and websites and,...Read More
Elaborated by the Committee on Migration, Refugees and Displaced Persons Rapporteur: Mr Vernon COAKER, United Kingdom, Socialists, Democrats and Greens Group Article 4 of the European Convention on Human Rights prohibits human trafficking. Theref...Read More
The Council of Europe’s Group of Experts on Action Against Human Trafficking (GRETA) has published its second evaluation report on the implementation of the Council of Europe Anti-trafficking Convention by Belarus. The report assesses progress i...Read More
The COVID-19 pandemic has required States to implement exceptional measures to curb the spread of the virus and to protect public health. While border restrictions or closure may be justified, exceptions are needed to safeguard basic rights, includi...Read More
2020 © Copyright, RESPECT International. All Rights Reserved. Website Disclaimer | Privacy Policy
