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 studied the impact of the Freewheel by Ride For Freedom programme on survivors of modern slavery in Barking & Dagenham, East London. The programme provides the survivors with a bicycle, accessories and cycling proficiency and road aw...Read More
The research described in this report set out to build a better understanding of the scale of child sexual abuse (CSA) encountered by local authority children’s services in Wales, and to explore how concerns regarding CSA are identified, recorded ...Read More
This factsheet has been compiled to help hotels respond to the UK Modern Slavery Act 2015 Transparency in Supply Chains clause. It contains recommendations on: What to include in the statementTop tips for the statementExamples from best ...Read More
Sharing of information between financial institutions related to potential money laundering and human trafficking activities is essential in the fight against modern slavery. However, the laws covering personal data privacy, anti-money laundering, ...Read More
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