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.
"Making International Labour Migration Governance Gender Responsive" outlines the role of labour migration governance and policies in determining the living and working conditions of women migrant workers through employment contracts. It identifies ...Read More
By Remco E. Breuker & Imke van Gardingen It has long been known, though difficult to verify, that citizens of North Korea are forced to work by the State on a far greater scale than seen elsewhere in the world. Recent estimates reveal that 1 in ...Read More
A growing number of global brands and retailers are adopting ethical recruitment policies stipulating, among other things, that all costs and fees related to labour recruitment are paid by the employer and not by the workers being recruited. Employe...Read More
A report by Human Rights Watch on labor exploitation and trafficking of children in tobacco farms in Kentucky, Virginia, Tennessee, North Carolina. Children on tobacco farms face severe health and safety risks, including accute nicotine poisoning, c...Read More
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