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.
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
This report maps sexual exploitation of children in travel and tourism (SECTT), online child sexual exploitation (OCSE), trafficking of children for sexual purposes, sexual exploitation of children through prostitution, child early and forced marria...Read More
An estimated 650,000 Syrian refugees have fled their home country to escape bloodshed and have found a lifeline working in Turkey, with many working in the garment industry. Without these jobs, many families would face desperate times and would stru...Read More
This toolkit, jointly developed by STOP THE TRAFFIK and Shiva Foundation, seeks to provide practical guidance for small and medium-sized enterprises (SMEs) on how they can prevent modern slavery in their business operations. We recognise that many u...Read More
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