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 UK-wide Modern Slavery Helpline and Resource Centre was established in October 2016 to provide victims, the public, statutory agencies and businesses with access to information and support on a 24/7 basis. Operated by Unseen, in its first full...Read More
Research and analysis conducted by Katarina Schwarz (University of Nottingham) and Jean Allain (Monash University). To assess the extent to which slavery and related forms of human exploitation have been prohibited in domestic law, this project ...Read More
“The 2021 Survivor Alliance World Congress marked a pivotal moment for survivor leadership in the international fight against modern-day slavery and human trafficking. For the first time, survivor leaders outnumbered our allied colleagues as plann...Read More
This report provides a cross-system view of how the criminal justice system reacted in the immediate aftermath of the first national Covid-19 lockdown (23 March to 10 May 2020), and of how the system has managed since. The cumulative impact on th...Read More
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