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.
Countries around the world have closed their external borders in a bid to control and isolate COVID-19. In these circumstances, criminals are finding new ways to abuse the vulnerability of irregular migrants wishing to enter or travel across Europe ...Read More
For over a decade, the Oakland Institute has raised alarm about the conditions and threats that both the Gibe III Dam and the Kuraz Sugar Development Project pose for Indigenous communities in the region. Now, several years on, new research conducte...Read More
This report calls for overfishing, pirate fishing and modern-day slavery in the Thai fishing industry to be addressed as interconnected issues. It examines the complex and multi-faceted problems in Thailand’s fisheries sector and offers recommenda...Read More
Corruption is an underlying cause of and a facilitating tool for practices arising from contemporary forms of slavery; it is essential to creating the conditions for a low-cost, low-risk, high-profit illicit trade in vulnerable individuals. Yet, cor...Read More
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