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.
This report presents findings from a multiple case study of how human trafficking is perceived and experienced in seven local communities in five countries in South and South-East Asia. The aim of the report is to explore and understand local ex...Read More
The Belt Road Initiative (BRI), China’s ambitious transnational development program, is set to redefine globalization with “Chinese characteristics.” Since its inception, thousands of transportation, energy, information technology, and mining ...Read More
Taking children from Guinea-Bissau to Senegal and forcing them to beg on the streets has become the most visible form of human trafficking in both countries. Many Quranic teachers and intermediaries’ prey on vulnerable families in Guinea-Bissau. O...Read More
The information and communications technology sector(ICT) is at high risk of forced labour. A significant number ofworkers in electronics supply chains are migrant workers who are particularly vulnerable to exploitation. The US Department of Labour...Read More
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