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 considers how effectively the Action Plan to Tackle Trafficking in Persons and to Enhance Protection of Foreign Domestic Helpers in Hong Kong (the Action Plan) 1 has been implemented and, specifically, whether it has helped trafficked pe...Read More
The discovery of the camps and graves at Wang Kelian, Perlis, garnered the attention of many and stunned the nation. These camps and graves on the border of Malaysia and Thailand gave rise to an outcry that resulted in the competency of the enforcem...Read More
This report presents the findings from the Global Business of Forced Labour project. The project investigates the business models of forced labour in global agricultural supply chains. Over two years the project systematically mapped the business ...Read More
The data in this report represents signals and cases from January 1, 2018 through December 31, 2018 and is accurate as of July 25, 2019. Cases of trafficking may be ongoing or new information may revealed to the National Hotline over time. Consequen...Read More
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