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.
Significant technological advances are very often accompanied by concerned debate. Will our daily lives be improved or disrupted? Will the need for human intervention or interaction be reduced? Will our relationships change? Digital technologies, un...Read More
This report summarises case study research carried out in Mozambique in two sectors linked to deforestation: illicit logging of Pterocarpus Tinctorius in Tete Province and construction of the Cuamba–Mandimba–Lichinga section of the N13 road (par...Read More
These quality standards are a practical tool for the staff managing these reporting websites or wishing to create one. They cover several aspects, in particular: The checking of the background and the references of employeesThe processing of repo...Read More
Report launch: Wednesday, 11 May 2022 16:00-17:30 ICT (Cambodia/Vietnam) | 11:00-12:30 CEST (Austria) | 10:00-11:30 BST (UK) The number of women travelling from Cambodia to China for forced or arranged marriages has surged since 2016 and experienced a further spike...
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