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 CT directory gathers key facts and figures about human trafficking in more than 50 countries. It also contains useful contacts to refer the victim or potential victim according to his/her profile: s/he can be in need of immediate protection, nee...Read More
The purpose of this research is to highlight gaps in modern slavery victim support and access to justice for adults. First by developing a structured understanding on existing policies and legislation. Then, taking Hertfordshire as an example, under...Read More
Narratives of commercial gestational surrogacy (CGS) as ‘baby-selling’ often conflate or interchange the transfer of children born via surrogacy with trafficking in children or the sale of children, two sometimes overlapping but nonetheless dist...Read More
The information and communications technology sector(ICT) is at high risk of forced labour. A significant number ofworkers in electronics supply chains are migrant workers who are particularly vulnerable to exploitation. The US Department of LabourÂ...Read More
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