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.
Children are not the face of this pandemic. But they risk being among its biggest victims. While they have thankfully been largely spared from the direct health effects of COVID-19 - at least to date – the crisis is having a profound effect on the...Read More
Written by Sheldon X. Zhang, Ph.D., Principal Investigator. A study examining San Diego County's population of migrant farmworkers who have been trafficked. This study examines the types of trafficking experienced and the condition faced by...Read More
This Trafficking in Persons (TIP) Report calls upon all governments to ensure they are addressing all forms of human trafficking and to reject the common misunderstanding that human trafficking requires movement across borders or even to another tow...Read More
US seafood company Bumble Bee, one of the leading companies in the canned tuna market with nearly 90% consumer awareness levels, and its Taiwanese parent company Fong Chun Formosa Fishery Company (hereinafter referred to as FCF), one of the top thre...Read More
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