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 COVID-19 crisis has and is still affecting economies and disrupting travel and tourism businesses worldwide. The situation is pushing many families further into poverty and making children more vulnerable to sexual exploitation. On World Tourism...Read More
The data in this report represents signals and cases from January 1, 2017 through December 31, 2017 and is accurate as of July 11, 2018. Cases of trafficking may be ongoing or new information may be revealed to the National Hotline over time. Conseq...Read More
The Special Rapporteur on trafficking in persons, especially women and children, undertook a country visit to Tajikistan, from 7 to 16 December 2021, as a country of significant outward labour migration. The Special Rapporteur examined the measures ...Read More
The CARE and TACT leaflets can be used as examples to develop information materials for victims of trafficking willing to return to their country of origin. These leaflets are tools that should be used by professionals during discussions with the vi...Read More
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