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.
Based on the theme of partnership, this year’s report examines the ways in which governments and other stakeholders have collaborated to advance anti-trafficking priorities and goals, and emphasizes the importance of including a breadth of groups ...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
Climate change increases the risk of natural disasters and places a strain on livelihoods. This may contribute to high-risk behaviours and other negative coping strategies among affected populations, such as resorting to unscrupulous recruitment age...Read More
The 2016 ITUC Global Rights Index shows workers’ rights were weakened in almost all regions of the world, including through severe crackdowns on the right to free speech and assembly. Part I of this publication provides a more detailed analysi...Read More
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