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 compilation includes examples of approaches that multiple companies in the textile and garments, cocoa, tourism and/or mining sectors have adopted to prevent and remediate child labour. These examples were identified on the basis of informati...Read More
One in every 130 females globally is living in modern slavery. In fact, women and girls account for nearly three quarters (71 per cent) of all victims of modern slavery. Although modern slavery affects everyone, there is no escaping the fact that it...Read More
Over the last decade modern slavery in the UK has been on the rise and it is estimated that there are as many as 100,000 victims.* Women make up about a third of all victims of modern slavery in the UK, with many commonly forced into sexual exploita...Read More
This report is about sharing topics that draw from the author's personal and professional experiences that they, as a Council, believe are important to effectively address human trafficking today. This report reflects the passion of those with lived...Read More
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