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 Middle East and North Africa (MENA) region continues to host groups highly vulnerable to trafficking and exploitation. Migrant workers, particularly domestic workers, are known to be among those who are most at risk. While the region is co...Read More
Blockchain first entered public awareness as the technology underpinning the cryptocurrency Bitcoin. Whilst the longevity of Bitcoin remains uncertain, and governments and financial institutions alike are cautious in their acceptance of cryptocurrenc...Read More
The report, What works to prevent online violence against children, presents ways to address the growing worldwide concern of keeping children safe online, with a specific focus on two forms of online violence: child sexual abuse including groo...Read More
This small-scale exploratory study aims to understand whether certain categories of workers in the textile and apparel sector in the National Capital Region in India are at any risk of forced labour, and, if so, the nature and incidence of these ris...Read More
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