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 report is an industry-focused analysis of the Malaysian palm oil industry with specific insights into the industry’s governance and investment framework, relevant labour laws that apply to migrant workers in the industry and various dispute res...Read More
The legal landscape for financial market participants (FMPs) regarding sustainability and human rights has drastically changed and more regulation is on its way, both at the EU and AT national levels. This briefing paper is meant to give a short ove...Read More
Marine fisheries are critical resources for coastal developing countries. They are also difficult to manage sustainably. Almost a third of global fish stocks are degraded from overfishing, and a further 60% are ‘fully exploited’ (FAO, 2016). Ille...Read More
The Human Trafficking Initiative works to address the issue of child sex trafficking in Greater Atlanta. Sexual exploitation is the most damaging form of child abuse.
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