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.
This resource developed by the ILO International Programme on the Elimination of Child Labour (IPEC), provides information on how to design, develop and operate child labour monitoring systems along with practical examples that will help to adapt ...Read More
The data in this report represents signals and cases from January 1, 2019 through December 31, 2019 and is accurate as of July 30, 2020. Cases of trafficking may be ongoing or new information may revealed to the National Hotline over time. Consequen...Read More
This strategy sets out the Government’s ambition to prevent, tackle and respond to all forms of child sexual abuse. It focuses on three key objectives which overlap and reinforce one another, recognising the complex, interconnected nature of this ...Read More
40.3 million people – around 1 in every 185 people alive – experienced modern slavery or forced labour in 2016. States have committed to take immediate and effective measures to end modern slavery, forced labour and human trafficking by 2030, an...Read More
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