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.
Findings from a series of learning papers previously developed by USAID Asia CTIP in 20211, showed that openly communicating, sharing and learning among CSOs and donors is key to ensuring that iterative programming takes place. This is vital to ensu...Read More
Migration is not a new phenomenon in India. People have moved across the length and breadth of the country for various reasons, including work. Today, India has a burgeoning urban population, which contributes to about 63% of India’s GDP. A large ...Read More
9th edition Since 2006, ICMEC has tallied the presence – and absence – of adequate anti-child sexual abuse material (CSAM) law in 196 countries. They have analyzed the strengths and shortcomings of the laws that do exist, and, based on the re...Read More
This report presents an assessment of the world’s largest private monitor of labour and environmental practices – PricewaterhouseCoopers (PwC). PwC performed over 6,000 factory audits in 1999, including monitoring for Nike, Disney, Walmart, the ...Read More
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