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.
Human Rights Watch defends the rights of people worldwide. We scrupulously investigate abuses, expose facts widely, and pressure those with power to respect rights and secure justice. Human Rights Watch is an independent, international or...Read More
Labour migration may benefit employers and workers, and across the world recruitment agencies play an important role in matching migrant workers with available jobs. However, while the cost of recruitment of higher skilled migrant workers tends to b...Read More
Abstract On September 10, 2009, the Department of Labor released its initial “list of goods from countries” (List), pursuant to Section 105(b)(2)(C) of the TVPRA of 2005. The List was released as part of a larger report detailing the methodology,...Read More
The data in this report represents signals and cases from January 1, 2019 through December 31, 2019 and is accurate as of July 30, 2020. Cases of trafficking may be ongoing or new information may revealed to the National Hotline over time. Consequen...Read More
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