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.
On 24–25 March 2021, the UNODC Civil Society Unit (CSU) and the Human Trafficking and Migrant Smuggling Section (HTMSS) with support from the Regional Office for Southeast Asia and the Pacific (ROSEAP) in Bangkok and the Regional office for South ...Read More
The data in this report represents signals and cases from January 1, 2018 through December 31, 2018 and is accurate as of July 25, 2019. Cases of trafficking may be ongoing or new information may revealed to the National Hotline over time. Consequen...Read More
The publication describes the roles and responsibilities for national focal points for child victims of trafficking in response to the MC Decision 6/18 on Strengthening Efforts to Prevent and Combat Child Trafficking, including of Unaccompanied Mino...Read More
In the Philippines, upholding the best interest of the child is a legal obligation which follows from national and international laws. Examining Supreme Court decisions on the best interest of the child shows that it is primarily applied in custody-...Read More
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