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.
No country in the world is immune to the devastating impacts of modern slavery and human trafficking. Representing one of the world’s most profitable criminal enterprises, it generates some USD 150 billion per year. Addressing the financial angle...Read More
This report presents the findings of research conducted by Focus on Labour Exploitation (FLEX) and Fife Migrants Forum (FMF) between March 2020 and February 2021. This research was initiated in order to seek to understand the risk of human trafficki...Read More
For many years the dirty secret of the steadily growing Bangladeshi garment industry has been its underpaid workers, treated as disposable objects. The lowest paid garment workers anywhere in the world, hundreds of them have died in preventable fact...Read More
This report is based on the Monitoring and Evaluation of Anti-trafficking Policies: A Handbook for Victims’ Advocates (hereafter: the Handbook) developed in 2016. The Handbook was designed with the idea to enable monitoring of national anti-traffi...Read More
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