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.
As stores closed around the world in response to COVID-19 lockdowns in early 2020, fashion brands and retailers sought to minimize their losses, shifting the financial burden of the disruption to the bottom of their supply chain. Cancelled orders, d...Read More
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
In 2022 Porticus launched a pilot learning year to support the development of a new global programme, Transforming migration parameters through movement building and lived-experience leadership’ (hereafter MOVE) within the People on the Move Portf...Read More
This report presents an assessment of the world’s largest private monitor of labour and environmental practices – PricewaterhouseCoopers (PwC). PwC performed over 6,000 factory audits in 1999, including monitoring for Nike, Disney, Walmart, the ...Read More
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