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.
The data in this report represents signals and cases from January 1, 2019 through December 31, 2019 and is accurate as of July 30, 2020. Cases of trafficking may be ongoing or new information may revealed to the National Hotline over time. Consequen...Read More
Thousands of children affected by modern slavery are being failed by the system. There are at least 5,000 children of modern slavery victims in the UK and the majority are not getting the support they need, with many more potentially lost in the ...Read More
Edited by Neil Howard and Sam Okyere. This is the seventh volume of the series Beyond Trafficking and Slavery Short Course. This volume, replete with contributions from world-renowned children’s rights academics and practitioners, argues th...Read More
La République centrafricaine (RCA), un pays enclavé d’Afrique, a connu depuis des décennies de grandes instabilités politiques. Les inégalités entre les régions et les différentes ethnies ont déclenché des griefs populaires qui, par la s...Read More
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