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.
The data in this report represents signals and cases from January 1, 2019 through December 31, 2019 and is accurate as of July 30, 2020. Cases of trafficking may be ongoing or new information may revealed to the National Hotline over time. Consequen...Read More
Multi-agency partnership working is often highlighted as an essential aspect of the UK public policy response to modern slavery. The Home Office’s (2014) Modern Slavery Strategy emphasises that effective partnership work is ‘crucial’ and must ...Read More
The practice of sending large numbers of labourers abroad is a direct consequence of the situation the Democratic People’s Republic of Korea (DPRK) faces domestically and is made possible by the international networks that DPRK institutions, busin...Read More
Nepal has implemented, repealed and re-implemented various bans and restrictions on the migration of women migrant workers and / or migrant domestic workers since 1998, the year in which all women migrant workers were first banned from migrating to ...Read More
2025 © Copyright, RESPECT International. All Rights Reserved. Website Disclaimer | Privacy Policy
