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.
Human trafficking has long-lasting implications for the well-being of trafficked people, families, and affected communities. Prevention and intervention efforts, however, have been stymied by a lack of information on the scale and scope of the probl...Read More
Despite the astounding growth in child sexual abuse material (CSAM) crimes over the past twenty years, the general public has little understanding about what it means, how vast the problem is, and how violently children are abused in order to produc...Read More
International food supply chains provide employment for tens of millions of women and men around the world, demonstrating the potential for private sector actors to fight poverty and inequality. Yet far too many work in appalling conditions. The o...Read More
Covid-19 has had a devastating impact on those most vulnerable to forced labour and human trafficking. Around the world, communities already suffering from poverty and exploitation have borne the brunt of the pandemic and its economic fallout. Th...Read More
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