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 manual provides information on child labour including the worst forms of child labour, hazardous work and hazardous child labour lists, conducting child labour inspections, the labour inspector’s role when faced with the commercial sexual ex...Read More
For decades, workers, unions, students, and labour NGOs have joined together to try to hold global corporations accountable for the labour violations that have routinely taken place in their supply chains. Multi-faceted and often lengthy corporate c...Read More
This paper explores the question of what traceability systems mean for the labour situation of fish- workers; for whom and in what respects is traceability effective, and what impact do these systems have? The limited social criteria in fi...Read More
The data in this report represents signals and cases from January 1, 2017 through December 31, 2017 and is accurate as of July 11, 2018. Cases of trafficking may be ongoing or new information may be revealed to the National Hotline over time. Conseq...Read More
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