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.
It is clear that the Act is an innovative piece of legislation that has influenced parliaments across the world in efforts to combat the global evil of modern slavery. Other countries are following our lead, so it is of the utmost importance that we...Read More
Human Rights Watch defends the rights of people worldwide. We scrupulously investigate abuses, expose facts widely, and pressure those with power to respect rights and secure justice. Human Rights Watch is an independent, international or...Read More
In September 2017, The Evening Standard and The Independent, in partnership with the Independent Anti-Slavery Commissioner, launched a three-month special investigation into the issue of modern slavery. The special investigation, which was personally...Read More
"Promoting the Rights of Women Migrant Workers through Employment Contracts" identifies and compares existing contract provisions in the South Asia - Middle East corridor and summarizes strengths and gaps in protection in line with common right viol...Read More
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