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.
Pitiful wages, child labour and sexual abuse is reported to be the reality for some Syrian refugees working without permits in Turkey, posing a major challenge for the garment brands that source from the country to supply Europe’s high streets. ...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
This Regional Overview on the sexual exploitation of children (SEC) in the Middle East and North Africa (MENA), consolidates the relevant existing data to map the context, risk factors, region-specific issues, responses and gaps in the fight against...Read More
The global electronics sector is comprised of powerful corporations—the 49 largest information communications and technology (ICT) companies have a combined market capitalization of US $5 trillion and combined annual profits of almost US$1 trillio...Read More
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