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 U.S. Department of State released its 2021 Trafficking in Persons (TIP) Report – the 21st installment of this annual publication. As required by the Trafficking Victims Protection Act, the TIP Report assesses government efforts around the wo...Read More
This Research Brief analyses possible scenarios of how smuggling of migrants and cross-border trafficking in persons are likely to be affected by the COVID-19 crisis along mixed migration routes to two important destination regions: North America an...Read More
In March 2020 Delta 8.7 published an article which argued that the pandemic would impact on modern slavery in at least three ways: by heightening risks for those already exploited, increasing he risks of exploitation and disrupting response efforts....Read More
40.3 million people – around 1 in every 185 people alive – experienced modern slavery or forced labour in 2016. States have committed to take immediate and effective measures to end modern slavery, forced labour and human trafficking by 2030, an...Read More
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