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.
An article by Garrett Brown MPH, CIH Corporate social responsibility (CSR) programs began in the early 1990s with the promise of eliminating dangerous and illegal “sweatshops” in the global supply chains of world-renown corporations selling ...Read More
The total number of modern slavery victims in the world today is estimated to be 40.3 million. Out of this shocking figure, more than half of the victims - at least 24.9 million - are in Asia and the Pacific. This region has the highest number of vi...Read More
Modern slavery in all of its guises – such as human trafficking, forced labour, sexual exploitation and organ trafficking – is endemic in many countries. It often preys on society’s most vulnerable people, stripping them of their rights to fre...Read More
This study contributes knowledge about anti-trafficking faith-based and non-faith-based NGOs—how they compare in their goals and mission, why they do what they do, the care philosophies and services that they have, and how they can work together. ...Read More
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