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 report found that while technology companies are working to bring the world closer together, they are failing to connect with workers in their own supply chains. Our ICT benchmark ranked the top 40 global ICT companies—with a combined market c...Read More
This research is the first study of its kind looking at the transport needs of survivors of modern slavery, who are supported through the UK’s National Referral Mechanism (NRM). It sought to provide concrete evidence of the situation regarding tra...Read More
The data in this report represents signals and cases from January 1, 2018 through December 31, 2018 and is accurate as of July 25, 2019. Cases of trafficking may be ongoing or new information may revealed to the National Hotline over time. Consequen...Read More
Gender-based violence (GBV) against women is a human rights violation and is both a cause and consequence of gender inequality. GBV is globally prevalent, takes multiple forms and affects women throughout their life cycle, irrespective of income lev...Read More
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