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.
Among countless severe consequences, the current international COVID-19 emergency has created a global financial crisis of a scale rarely encountered in modern history. Systemic economic and social inequalities across societies are being laid bare a...Read More
Edited by Genevieve LeBaron and Neil Howard. This is the second volume of the series Beyond Trafficking and Slavery Short Course. There is a growing and sober awareness among international policymakers and within global civil society that hum...Read More
To find out more about how the SII has been experienced, the Expert Review gathered information from two surveys and 10 interviews with key stakeholders. There were 14 SSO (all US-based) and 10 FI survey respondents (seven US, two Canada, and on...Read More
Annual Report of the Special Rapporteur on contemporary forms of slavery, including its causes and consequences Each year the Special Rapporteur on contemporary forms of slavery, its causes and consequences is requested by the Human Rights Counci...Read More
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