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 Guidance on addressing child labour in fisheries and aquaculture provides information and analyses current issues in order to improve the understanding of the nature and scope, causes and contributing factors, and consequences of child labour i...Read More
Abstract Objectives The article objectives were (1) to systematically map the contours of the European evidence base on labour trafficking, identifying its key characteristics, coverage, gaps, strengths and weaknesses and (2) to synthesise key scie...Read More
COVID-19 has put under the spotlight the fast fashion industry in Leicester East, and its exploitation of thousands of (mostly immigrant) workers. Exploitation that ranges from unsafe working conditions through to slavery; from staff being paid belo...Read More
No country in the world is immune to the devastating impacts of modern slavery and human trafficking. Representing one of the world’s most profitable criminal enterprises, it generates some USD 150 billion per year. Addressing the financial angle...Read More
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