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.
Policy recommendations Rising labour shortages reflect structural shifts, including the digital and green transitions, as well as a cyclical component in the wake of the Covid-19 pandemic.The policy debate tends to focus on the need for skills an...Read More
This working paper, based on participatory research carried out with cleaners in the UK, highlights key workplace issues in the cleaning sector, and the risk and resilience factors that impact cleaners’ vulnerability to labour abuse and exploitati...Read More
This Inter-Agency Coordination Group against Trafficking in Persons (ICAT) Issue Brief explains the role of public procurement in preventing trafficking for forced labour. It outlines the international and national policy framework; elaborates on va...Read More
The data in this report represents signals and cases from January 1, 2017 through December 31, 2017 and is accurate as of July 11, 2018. Cases of trafficking may be ongoing or new information may be revealed to the National Hotline over time. Conseq...Read More
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