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 strategy sets out the Government’s ambition to prevent, tackle and respond to all forms of child sexual abuse. It focuses on three key objectives which overlap and reinforce one another, recognising the complex, interconnected nature of this ...Read More
Child labour has long been a feature of economic life in the Arab region, particularly in agriculture, small traditional craft shops, and informal industries such as garment and carpet making, as well as some construction-related activities. Childre...Read More
The UK Modern Slavery Act came into force in 2015. The insight gives an overview of the Act, focusing on the impact on supply chains and the role of procurement and actions required to support the organizations. The document also makes reference to o...Read More
Summary Every year, tens of thousands of migrant workers from Kyrgyzstan travel to the central asian economic powerhouse of Kazakhstan in search of employment. thousands of these migrant workers, often together with their children, find work in t...Read More
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