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.
A report by Human Rights Watch on labor exploitation and trafficking of children in tobacco farms in Kentucky, Virginia, Tennessee, North Carolina. Children on tobacco farms face severe health and safety risks, including accute nicotine poisoning, c...Read More
The Accord on Fire and Building Safety in Bangladesh (the Accord) was signed on 15 May 2013. It is an independent, legally binding agreement between global brands and retailers and trade unions designed to build a safe and healthy Bangladeshi Ready M...Read More
Executive Summary Depriving someone of their freedom is a terrible violation. Modern slavery is a destructive, personal crime and an abuse of human rights. It is a widespread and profitable criminal industry but despite this it is largely invisible, ...Read More
The data in this report represents signals and cases from January 1, 2019 through December 31, 2019 and is accurate as of July 30, 2020. Cases of trafficking may be ongoing or new information may revealed to the National Hotline over time. Consequen...Read More
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