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 world’s garment workers have been among the hardest hit by the economic ravages of the coronavirus pandemic. Hours and wages have declined for many of those lucky enough to keep their jobs, and millions have been fired outright, as apparel bra...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
The total number of modern slavery victims in the world today is estimated to be 40.3 million. Out of this shocking figure, more than half of the victims - at least 24.9 million - are in Asia and the Pacific. This region has the highest number of vi...Read More
Investigations by Equidem between September 2020 and October 2022 documented significant labour and human rights violations at all eight FIFA World Cup Qatar 2022 stadiums—Lusail Iconic Stadium in Lusail, Al Bayt Stadium in Al Khor, Al Janoub Stad...Read More
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