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.
This briefing for European policy makers outlines the increased risk of forced and child labour, in global supply chains of goods and services. It argues that extant national and EU law and policies are insufficient to eradicate slavery in supply ch...Read More
The research examines the practices and policies of labour inspectorates and the Metropolitan Police and their relationship with the Home Office’s Immigration Enforcement team. Findings are based on these agencies engagement with immigration enfor...Read More
These quality standards are a practical tool for the staff managing these reporting websites or wishing to create one. They cover several aspects, in particular: The checking of the background and the references of employeesThe processing of repo...Read More
The globalisation of supply chains, facilitated by technologicaldevelopments and spurred by firm’s attempts to maximise profitsthrough lower labour costs, shorter lead times and weaker labourprotections in developing countries, has contributed to ...Read More
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