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
Written by Jordan Greenbaum, Hanni Stoklosa, and Laura Murphy. The global pandemic of severe acute respiratory syndrome coronavirus exacerbates major risk factors for global human trafficking. Social isolation of families and severe economic dis...Read More
An article by Garrett Brown MPH, CIH Corporate social responsibility (CSR) programs began in the early 1990s with the promise of eliminating dangerous and illegal “sweatshops” in the global supply chains of world-renown corporations selling ...Read More
The Center’s report includes a series of practical recommendations for how clothing brands and retailers can establish more constructive relationships with outsourced suppliers, with the goal of protecting the human rights and economic well-being ...Read More
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